Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay Sells 5,000 Shares

Townsquare Media, Inc. (NYSE:TSQ) EVP Claire Marie Yenicay sold 5,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.22, for a total transaction of $46,100.00. Following the transaction, the executive vice president now directly owns 214,953 shares of the company’s stock, valued at $1,981,866.66. The trade was a 2.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Claire Marie Yenicay also recently made the following trade(s):

• On Friday, December 20th, Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock. The shares were sold at an average price of $9.65, for a total transaction of $48,250.00.
• On Wednesday, December 18th, Claire Marie Yenicay sold 500 shares of Townsquare Media stock. The stock was sold at an average price of $9.85, for a total value of $4,925.00.

Townsquare Media Stock Performance

Shares of NYSE TSQ opened at $9.56 on Friday. Townsquare Media, Inc. has a 1 year low of $8.90 and a 1 year high of $13.57. The firm has a market cap of $148.63 million, a P/E ratio of -3.53, a PEG ratio of 0.79 and a beta of 1.32. The stock has a fifty day moving average price of $9.90 and a two-hundred day moving average price of $10.35. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.38 and a current ratio of 1.38.

Townsquare Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date is Tuesday, January 21st. Townsquare Media’s payout ratio is currently -29.15%.

Institutional Investors Weigh In On Townsquare Media

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in shares of Townsquare Media by 3.9% in the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after buying an additional 17,900 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Townsquare Media by 0.4% in the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after acquiring an additional 1,151 shares in the last quarter. State Street Corp raised its holdings in shares of Townsquare Media by 4.0% during the third quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after acquiring an additional 6,800 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Townsquare Media by 4.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 160,469 shares of the company’s stock valued at $1,759,000 after acquiring an additional 6,768 shares in the last quarter. Finally, Boyar Asset Management Inc. boosted its stake in Townsquare Media by 8.7% in 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 period. 71.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on TSQ. StockNews.com upgraded 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 objective on shares of Townsquare Media in a research note on Thursday, November 7th.

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.