Townsquare Media (NYSE:TSQ) EVP Sells $147,218.40 in Stock

Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz sold 28,980 shares of Townsquare Media stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $5.08, for a total value of $147,218.40. Following the transaction, the executive vice president owned 123,977 shares of the company’s stock, valued at approximately $629,803.16. This represents a 18.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, February 2nd, Scott Schatz purchased 980 shares of Townsquare Media stock. The stock was bought at an average cost of $6.61 per share, with a total value of $6,477.80.

Townsquare Media Trading Up 1.6%

Townsquare Media stock traded up $0.08 during mid-day trading on Friday, hitting $5.08. The company had a trading volume of 335,879 shares, compared to its average volume of 182,996. The company has a market capitalization of $83.62 million, a price-to-earnings ratio of -7.15, a P/E/G ratio of 1.14 and a beta of 0.96. Townsquare Media, Inc. has a 12-month low of $4.30 and a 12-month high of $9.31. The company’s fifty day moving average is $6.55 and its 200-day moving average is $6.12.

Townsquare Media (NYSE:TSQ) last posted its earnings results on Monday, March 16th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.06). Townsquare Media had a negative net margin of 2.58% and a negative return on equity of 13.74%. The firm had revenue of $106.50 million for the quarter, compared to analysts’ expectations of $106.40 million. As a group, sell-side analysts expect that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 4th. Shareholders of record on Monday, April 27th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 27th. This represents a $0.80 dividend on an annualized basis and a yield of 15.7%. Townsquare Media’s payout ratio is presently -112.68%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barrington Research lowered their target price on shares of Townsquare Media from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of Townsquare Media in a research note on Monday, December 29th. Finally, Wall Street Zen cut Townsquare Media from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.50.

Institutional Investors Weigh In On Townsquare Media

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSQ. Beck Mack & Oliver LLC lifted its holdings in Townsquare Media by 8.6% during the fourth quarter. Beck Mack & Oliver LLC now owns 1,073,600 shares of the company’s stock valued at $5,518,000 after purchasing an additional 85,000 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Townsquare Media by 18.0% during the second quarter. American Century Companies Inc. now owns 856,651 shares of the company’s stock worth $6,776,000 after purchasing an additional 130,537 shares in the last quarter. RBF Capital LLC raised its position in shares of Townsquare Media by 862.7% during the 2nd quarter. RBF Capital LLC now owns 422,931 shares of the company’s stock worth $3,345,000 after purchasing an additional 379,000 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Townsquare Media by 2.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 383,107 shares of the company’s stock worth $3,030,000 after purchasing an additional 9,075 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Townsquare Media by 52.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 271,693 shares of the company’s stock valued at $2,212,000 after buying an additional 93,753 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Townsquare Media Company Profile

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.