Townsquare Media, Inc. (NYSE:TSQ) EVP Scott Schatz Sells 5,000 Shares

Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) EVP Scott Schatz sold 5,000 shares of Townsquare Media stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $9.64, for a total transaction of $48,200.00. Following the transaction, the executive vice president now directly owns 38,068 shares of the company's stock, valued at $366,975.52. This represents a 11.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, December 16th, Scott Schatz sold 150 shares of Townsquare Media stock. The shares were sold at an average price of $10.20, for a total value of $1,530.00.

Townsquare Media Stock Up 0.4 %

TSQ stock traded up $0.04 during trading on Thursday, reaching $9.65. 46,242 shares of the stock were exchanged, compared to its average volume of 53,291. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 271.80. Townsquare Media, Inc. has a twelve month low of $9.47 and a twelve month high of $13.57. The firm's 50 day moving average is $10.00 and its 200 day moving average is $10.40. The firm has a market cap of $150.03 million, a P/E ratio of -3.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.32.

Townsquare Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be given a $0.1975 dividend. This represents a $0.79 annualized dividend and a yield of 8.19%. The ex-dividend date is Tuesday, January 21st. Townsquare Media's payout ratio is currently -29.15%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Privium Fund Management UK Ltd bought a new stake in shares of Townsquare Media during the second quarter worth about $232,000. Renaissance Technologies LLC boosted its stake in 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 during the last quarter. Barclays PLC increased its holdings in Townsquare Media by 59.8% during the 3rd quarter. Barclays PLC now owns 37,685 shares of the company's stock worth $383,000 after purchasing an additional 14,109 shares in the last quarter. State Street Corp raised its stake 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 purchasing an additional 6,800 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Townsquare Media by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 160,469 shares of the company's stock worth $1,759,000 after purchasing an additional 6,768 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on TSQ. StockNews.com raised Townsquare Media from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Barrington Research reissued an "outperform" rating and set a $17.00 target price 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.