Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum Sells 5,000 Shares

Townsquare Media, Inc. (NYSE:TSQGet Free Report) COO Erik Hellum sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $10.95, for a total value of $54,750.00. Following the sale, the chief operating officer now directly owns 718,222 shares in the company, valued at $7,864,530.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Wednesday, March 20th, Erik Hellum sold 3,380 shares of Townsquare Media stock. The stock was sold at an average price of $11.03, for a total value of $37,281.40.
  • On Thursday, December 28th, Erik Hellum sold 31,182 shares of Townsquare Media stock. The stock was sold at an average price of $10.97, for a total value of $342,066.54.
  • On Tuesday, December 26th, Erik Hellum sold 6,915 shares of Townsquare Media stock. The shares were sold at an average price of $10.78, for a total value of $74,543.70.

Townsquare Media Stock Down 0.5 %

Shares of NYSE TSQ opened at $10.71 on Wednesday. The company has a debt-to-equity ratio of 50.41, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $178.11 million, a price-to-earnings ratio of -3.91, a PEG ratio of 0.64 and a beta of 1.37. The stock has a 50 day moving average price of $10.75 and a 200 day moving average price of $9.97. Townsquare Media, Inc. has a 52-week low of $7.89 and a 52-week high of $12.65.

Townsquare Media Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 5th will be issued a $0.198 dividend. This is a positive change from Townsquare Media’s previous quarterly dividend of $0.19. The ex-dividend date is Thursday, April 4th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.39%. Townsquare Media’s payout ratio is presently -27.37%.

Wall Street Analysts Forecast Growth

TSQ has been the topic of a number of analyst reports. Guggenheim upped their target price on Townsquare Media from $12.00 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Townsquare Media in a research note on Friday, March 15th.

Read Our Latest Analysis on TSQ

Institutional Trading of Townsquare Media

A number of large investors have recently modified their holdings of TSQ. Tower Research Capital LLC TRC boosted its holdings in shares of Townsquare Media by 169.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,597 shares of the company’s stock valued at $33,000 after purchasing an additional 2,890 shares during the period. Group One Trading L.P. purchased a new stake in shares of Townsquare Media in the first quarter valued at approximately $40,000. Citigroup Inc. purchased a new stake in Townsquare Media during the second quarter worth $41,000. California State Teachers Retirement System purchased a new stake in Townsquare Media during the second quarter worth $46,000. Finally, BNP Paribas Arbitrage SNC purchased a new stake in Townsquare Media during the second quarter worth $63,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Townsquare Media Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Townsquare Media (NYSE:TSQ)

Receive News & Ratings for Townsquare Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Townsquare Media and related companies with MarketBeat.com's FREE daily email newsletter.