Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz Sells 4,594 Shares

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) EVP Scott Schatz sold 4,594 shares of the firm's stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $9.65, for a total value of $44,332.10. Following the sale, the executive vice president now owns 31,366 shares of the company's stock, valued at approximately $302,681.90. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 23rd, Scott Schatz sold 5,000 shares of Townsquare Media stock. The shares were sold at an average price of $9.64, for a total transaction of $48,200.00.
• 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 transaction of $1,530.00.

Townsquare Media Stock Performance

Shares of NYSE:TSQ traded down $0.16 on Monday, reaching $9.23. 94,835 shares of the company's stock were exchanged, compared to its average volume of 53,509. Townsquare Media, Inc. has a fifty-two week low of $9.10 and a fifty-two week high of $13.57. The business's 50-day moving average is $9.95 and its two-hundred day moving average is $10.37. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 271.80. The firm has a market capitalization of $143.50 million, a price-to-earnings ratio of -3.41, a PEG ratio of 0.79 and a beta of 1.32.

Townsquare Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 8.56%. The ex-dividend date is Tuesday, January 21st. Townsquare Media's dividend payout ratio (DPR) is presently -29.15%.

Institutional Investors Weigh In On Townsquare Media

Several large investors have recently added to or reduced their stakes in TSQ. Renaissance Technologies LLC boosted its position in shares of Townsquare Media by 3.9% during the 2nd quarter. Renaissance Technologies LLC now owns 482,352 shares of the company's stock valued at $5,287,000 after purchasing an additional 17,900 shares in the last quarter. Geode Capital Management LLC boosted its holdings 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 buying an additional 1,151 shares during the period. State Street Corp increased its position in shares of Townsquare Media by 4.0% in the third quarter. State Street Corp now owns 177,163 shares of the company's stock worth $1,800,000 after acquiring an additional 6,800 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Townsquare Media by 4.4% during the second 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 during the period. Finally, Boyar Asset Management Inc. lifted its position in shares of Townsquare Media by 8.7% in the 2nd quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company's stock valued at $429,000 after acquiring an additional 3,150 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.