Townsquare Media, Inc. (NYSE:TSQ) COO Sells $182,568.30 in Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 18,166 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $10.05, for a total transaction of $182,568.30. Following the transaction, the chief operating officer now owns 562,680 shares in the company, valued at approximately $5,654,934. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 26th, Erik Hellum sold 1,196 shares of Townsquare Media stock. The shares were sold at an average price of $10.24, for a total transaction of $12,247.04.
• On Tuesday, September 24th, Erik Hellum sold 9,223 shares of Townsquare Media stock. The shares were sold at an average price of $10.30, for a total value of $94,996.90.

Townsquare Media Price Performance

Shares of TSQ stock traded up $0.16 during mid-day trading on Tuesday, hitting $10.32. The company had a trading volume of 32,961 shares, compared to its average volume of 54,155. The company has a market capitalization of $156.05 million, a P/E ratio of -3.99, a P/E/G ratio of 0.88 and a beta of 1.36. The stock’s 50 day moving average price is $10.59 and its 200-day moving average price is $11.10. Townsquare Media, Inc. has a 52-week low of $8.00 and a 52-week high of $13.57. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.36 and a quick ratio of 1.36.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $118.23 million during the quarter, compared to the consensus estimate of $117.99 million. Equities research analysts forecast that Townsquare Media, Inc. will post 0.97 earnings per share for the current year.

Townsquare Media Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a $0.1975 dividend. This represents a $0.79 annualized dividend and a yield of 7.66%. The ex-dividend date is Tuesday, October 15th. Townsquare Media’s dividend payout ratio is presently -31.10%.

Hedge Funds Weigh In On Townsquare Media

Several institutional investors have recently bought and sold shares of TSQ. Access Investment Management LLC lifted its holdings in shares of Townsquare Media by 0.5% in the 2nd quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock worth $4,340,000 after acquiring an additional 2,140 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after purchasing an additional 2,481 shares during the period. Gabelli Funds LLC grew its holdings in shares of Townsquare Media by 5.1% in the fourth quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock worth $655,000 after purchasing an additional 3,000 shares during the last quarter. Boyar Asset Management Inc. raised its stake in shares of Townsquare Media by 8.7% during the second quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock valued at $429,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Townsquare Media by 8.9% in the first quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock valued at $465,000 after purchasing an additional 3,469 shares during the period. Institutional investors own 71.69% of the company’s stock.

Analyst Upgrades and Downgrades

TSQ has been the subject of several analyst reports. Barrington Research restated an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a research note on Monday, August 12th. StockNews.com downgraded Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Townsquare Media Company Profile

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.