Townsquare Media (NYSE:TSQ) COO Erik Hellum Sells 7,437 Shares of Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 7,437 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $5.54, for a total transaction of $41,200.98. Following the completion of the sale, the chief operating officer owned 1,029,150 shares of the company’s stock, valued at approximately $5,701,491. This trade represents a 0.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, January 20th, Erik Hellum sold 6,522 shares of Townsquare Media stock. The stock was sold at an average price of $5.57, for a total value of $36,327.54.
• On Monday, December 29th, Erik Hellum sold 5,693 shares of Townsquare Media stock. The stock was sold at an average price of $5.06, for a total value of $28,806.58.

Townsquare Media Stock Performance

Shares of NYSE TSQ opened at $5.76 on Thursday. The company has a market cap of $94.81 million, a PE ratio of 5.59, a P/E/G ratio of 0.74 and a beta of 0.88. The business has a 50-day simple moving average of $5.15 and a two-hundred day simple moving average of $6.28. Townsquare Media, Inc. has a fifty-two week low of $4.30 and a fifty-two week high of $9.38.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $106.76 million for the quarter, compared to the consensus estimate of $107.96 million. Townsquare Media had a net margin of 4.27% and a negative return on equity of 47.95%. On average, sell-side analysts predict that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Monday, January 26th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 13.9%. The ex-dividend date is Monday, January 26th. Townsquare Media’s payout ratio is presently 77.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TSQ shares. Weiss Ratings restated a “sell (d)” rating on shares of Townsquare Media in a research note on Monday, December 29th. Wall Street Zen cut Townsquare Media from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Finally, Barrington Research decreased their target price on Townsquare Media from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $16.50.

Hedge Funds Weigh In On Townsquare Media

A number of institutional investors have recently modified their holdings of TSQ. Crews Bank & Trust acquired a new stake in Townsquare Media during the fourth quarter worth about $26,000. Raymond James Financial Inc. purchased a new stake in Townsquare Media in the 2nd quarter worth approximately $33,000. AlphaCore Capital LLC purchased a new stake in Townsquare Media in the 3rd quarter worth approximately $69,000. Algert Global LLC acquired a new stake in shares of Townsquare Media during the 3rd quarter worth approximately $72,000. Finally, Occudo Quantitative Strategies LP purchased a new position in shares of Townsquare Media during the 2nd quarter valued at approximately $101,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

About Townsquare Media

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.