Townsquare Media, Inc. (NYSE:TSQ) Director Acquires $520,500.00 in Stock

Townsquare Media, Inc. (NYSE:TSQ) Director Stephen A. Kaplan bought 50,000 shares of the business’s stock in a transaction on Friday, September 20th. The stock was acquired at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the acquisition, the director now directly owns 137,808 shares of the company’s stock, valued at $1,434,581.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Townsquare Media Stock Performance

TSQ opened at $10.09 on Friday. The business’s 50 day moving average is $10.64 and its 200-day moving average is $11.09. The stock has a market cap of $155.29 million, a PE ratio of -3.97, a price-to-earnings-growth ratio of 0.88 and a beta of 1.36. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. Townsquare Media, Inc. has a twelve month low of $8.00 and a twelve month high of $13.57.

Townsquare Media (NYSE:TSQ) last released its quarterly 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). The business had revenue of $118.23 million for the quarter, compared to the consensus estimate of $117.99 million. Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. On average, analysts predict 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. Stockholders of record on Tuesday, October 15th will be issued 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 7.83%. Townsquare Media’s dividend payout ratio (DPR) is presently -31.10%.

Institutional Investors Weigh In On Townsquare Media

Hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new stake in shares of Townsquare Media during the second quarter valued at approximately $57,000. Virtu Financial LLC bought a new stake in Townsquare Media during the first quarter worth approximately $124,000. Rhumbline Advisers raised its holdings in Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after purchasing an additional 2,481 shares in the last quarter. Privium Fund Management UK Ltd bought a new stake in Townsquare Media during the second quarter worth approximately $232,000. Finally, Ritholtz Wealth Management raised its holdings in Townsquare Media by 19.8% during the second quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after purchasing an additional 5,600 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.

Analyst Ratings Changes

TSQ has been the topic of a number of recent research reports. StockNews.com cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Barrington Research reissued an “outperform” rating and issued a $17.00 target price on shares of Townsquare Media in a report on Monday, August 12th.

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.