Claire Marie Yenicay Sells 2,968 Shares of Townsquare Media, Inc. (NYSE:TSQ) Stock

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) EVP Claire Marie Yenicay sold 2,968 shares of the stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $8.18, for a total transaction of $24,278.24. Following the completion of the sale, the executive vice president now directly owns 234,933 shares of the company's stock, valued at $1,921,751.94. This trade represents a 1.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 30th, Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock. The stock was sold at an average price of $9.22, for a total transaction of $46,100.00.

Townsquare Media Trading Up 1.5 %

NYSE TSQ traded up $0.12 on Monday, hitting $8.21. 13,927 shares of the stock traded hands, compared to its average volume of 57,904. The stock has a 50-day moving average of $8.58 and a 200 day moving average of $9.45. Townsquare Media, Inc. has a twelve month low of $7.56 and a twelve month high of $13.57. The company has a market capitalization of $132.34 million, a P/E ratio of -3.03, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33.

Townsquare Media (NYSE:TSQ - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $117.81 million for the quarter, compared to analyst estimates of $116.41 million. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. During the same period in the prior year, the company posted $0.34 EPS. As a group, equities research analysts expect that Townsquare Media, Inc. will post 1.07 earnings per share for the current year.

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Townsquare Media Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be issued a $0.20 dividend. The ex-dividend date is Thursday, April 17th. This is a positive change from Townsquare Media's previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a dividend yield of 9.74%. Townsquare Media's payout ratio is -69.57%.

Institutional Investors Weigh In On Townsquare Media

A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in shares of Townsquare Media by 1.3% during the fourth quarter. American Century Companies Inc. now owns 699,787 shares of the company's stock valued at $6,361,000 after acquiring an additional 9,292 shares during the period. Access Investment Management LLC increased its stake in shares of Townsquare Media by 0.5% in the fourth quarter. Access Investment Management LLC now owns 398,450 shares of the company's stock valued at $3,622,000 after purchasing an additional 1,985 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Townsquare Media by 7.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 353,507 shares of the company's stock valued at $3,213,000 after purchasing an additional 23,200 shares during the period. Geode Capital Management LLC boosted its position in shares of Townsquare Media by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 280,897 shares of the company's stock worth $2,554,000 after buying an additional 1,912 shares during the period. Finally, State Street Corp grew its holdings in Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company's stock worth $1,800,000 after buying an additional 6,800 shares in the last quarter. Institutional investors own 71.69% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Noble Financial reiterated an "outperform" rating and issued a $21.00 price target on shares of Townsquare Media in a research note on Friday, January 24th. Barrington Research reaffirmed an "outperform" rating and issued a $15.00 target price on shares of Townsquare Media in a research report on Tuesday, March 18th. Finally, StockNews.com raised shares of Townsquare Media from a "hold" rating to a "buy" rating in a research report on Thursday.

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.