Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum Sells 1,196 Shares

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 1,196 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $10.24, for a total value of $12,247.04. Following the sale, the chief operating officer now owns 595,353 shares in the company, valued at approximately $6,096,414.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Erik Hellum also recently made the following trade(s):

• On Tuesday, September 24th, Erik Hellum sold 9,223 shares of Townsquare Media stock. The stock was sold at an average price of $10.30, for a total value of $94,996.90.

Townsquare Media Stock Performance

Shares of TSQ stock traded up $0.10 during trading on Friday, reaching $10.19. 41,287 shares of the company’s stock were exchanged, compared to its average volume of 54,196. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 271.80. The stock has a market capitalization of $156.82 million, a PE ratio of -3.97, a PEG ratio of 0.88 and a beta of 1.36. Townsquare Media, Inc. has a twelve month low of $8.00 and a twelve month high of $13.57. The firm’s fifty day moving average price is $10.64 and its 200-day moving average price is $11.09.

Townsquare Media (NYSE:TSQ) last posted its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28). Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. The business had revenue of $118.23 million for the quarter, compared to analyst estimates of $117.99 million. As a group, sell-side analysts anticipate that Townsquare Media, Inc. will post 0.97 EPS for the current year.

Townsquare Media Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date is Tuesday, October 15th. Townsquare Media’s dividend payout ratio is -31.10%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Access Investment Management LLC grew its holdings in Townsquare Media by 0.5% in the 2nd quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock valued at $4,340,000 after buying an additional 2,140 shares in the last quarter. Rhumbline Advisers grew its holdings in Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after buying an additional 2,481 shares in the last quarter. Gabelli Funds LLC grew its holdings in Townsquare Media by 5.1% in the 4th quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock valued at $655,000 after buying an additional 3,000 shares in the last quarter. Boyar Asset Management Inc. grew its holdings in Townsquare Media by 8.7% in the 2nd quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock valued at $429,000 after buying an additional 3,150 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Townsquare Media by 8.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock valued at $465,000 after buying an additional 3,469 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research note on Monday, August 12th. StockNews.com cut Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

About Townsquare Media

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.