Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz Sells 5,000 Shares

Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz sold 5,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $9.64, for a total transaction of $48,200.00. Following the transaction, the executive vice president now owns 38,068 shares in the company, valued at $366,975.52. The trade was a 11.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Scott Schatz also recently made the following trade(s):

• On Monday, December 16th, Scott Schatz sold 150 shares of Townsquare Media stock. The stock was sold at an average price of $10.20, for a total value of $1,530.00.

Townsquare Media Trading Up 0.4 %

Shares of TSQ traded up $0.04 during midday trading on Thursday, hitting $9.65. 46,242 shares of the stock were exchanged, compared to its average volume of 53,291. Townsquare Media, Inc. has a 52-week low of $9.47 and a 52-week high of $13.57. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a fifty day simple moving average of $10.00 and a 200 day simple moving average of $10.40. The firm has a market cap of $150.03 million, a P/E ratio of -3.56, a P/E/G ratio of 0.79 and a beta of 1.32.

Townsquare Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be paid a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a yield of 8.19%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s payout ratio is currently -29.15%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TSQ shares. StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a report on Thursday, November 7th.

Hedge Funds Weigh In On Townsquare Media

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in Townsquare Media by 0.4% in the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock valued at $2,835,000 after acquiring an additional 1,151 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after purchasing an additional 1,503 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of 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 purchasing an additional 2,481 shares in the last quarter. Boyar Asset Management Inc. lifted its position in shares of Townsquare Media by 8.7% during the 2nd quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock worth $429,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Townsquare Media during the third quarter worth $39,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.