Townsquare Media, Inc. (NYSE:TSQ) COO Sells $94,996.90 in Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 9,223 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $10.30, for a total transaction of $94,996.90. Following the completion of the sale, the chief operating officer now directly owns 607,680 shares in the company, valued at $6,259,104. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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.

Townsquare Media Stock Up 1.0 %

Shares of NYSE:TSQ opened at $10.19 on Friday. The firm’s 50 day moving average price is $10.62 and its 200 day moving average price is $11.09. The stock has a market cap of $156.82 million, a price-to-earnings ratio of -4.01, a price-to-earnings-growth ratio of 0.88 and a beta of 1.36. Townsquare Media, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $13.57. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 271.80.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data 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 company had revenue of $118.23 million for the quarter, compared to analyst estimates of $117.99 million. As a group, equities research analysts predict that Townsquare Media, Inc. will post 0.97 earnings per share for the current fiscal year.

Townsquare Media Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.1975 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.75%. Townsquare Media’s dividend payout ratio (DPR) is presently -31.10%.

Hedge Funds Weigh In On Townsquare Media

A number of hedge funds have recently modified their holdings of TSQ. Janney Montgomery Scott LLC grew its position in Townsquare Media by 17.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 38,891 shares of the company’s stock valued at $411,000 after buying an additional 5,852 shares during the last quarter. Gabelli Funds LLC grew its position 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 during the last quarter. Empowered Funds LLC grew its position in Townsquare Media by 8.0% in the 1st quarter. Empowered Funds LLC now owns 64,125 shares of the company’s stock valued at $704,000 after buying an additional 4,725 shares during the last quarter. Vanguard Group Inc. grew its position in Townsquare Media by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock valued at $6,627,000 after buying an additional 12,073 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Townsquare Media by 12.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after buying an additional 8,079 shares during the last quarter. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research report on Monday, August 12th. StockNews.com lowered shares of Townsquare Media from a “buy” rating to a “hold” rating in a report 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.