Townsquare Media (NYSE:TSQ) COO Erik Hellum Sells 7,437 Shares of Stock

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 7,437 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $5.54, for a total transaction of $41,200.98. Following the completion of the transaction, the chief operating officer owned 1,029,150 shares in the company, valued at $5,701,491. This represents a 0.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, January 20th, Erik Hellum sold 6,522 shares of Townsquare Media stock. The shares were sold at an average price of $5.57, for a total value of $36,327.54.
• On Monday, December 29th, Erik Hellum sold 5,693 shares of Townsquare Media stock. The stock was sold at an average price of $5.06, for a total value of $28,806.58.

Townsquare Media Stock Up 2.9%

Shares of TSQ traded up $0.16 during trading on Wednesday, reaching $5.76. The company’s stock had a trading volume of 113,172 shares, compared to its average volume of 73,221. The company has a market cap of $94.82 million, a price-to-earnings ratio of 5.59, a P/E/G ratio of 0.72 and a beta of 0.88. The company has a fifty day moving average of $5.14 and a two-hundred day moving average of $6.28. Townsquare Media, Inc. has a twelve month low of $4.30 and a twelve month high of $9.38.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $106.76 million during the quarter, compared to analyst estimates of $107.96 million. Townsquare Media had a net margin of 4.27% and a negative return on equity of 47.95%. As a group, equities analysts forecast that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 26th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.9%. The ex-dividend date is Monday, January 26th. Townsquare Media’s dividend payout ratio (DPR) is 77.67%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Townsquare Media in a research report on Monday, December 29th. Barrington Research reduced their price objective on Townsquare Media from $13.00 to $12.00 and set an “outperform” rating on the stock in a research note on Monday, November 10th. Finally, Wall Street Zen lowered shares of Townsquare Media from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Townsquare Media presently has a consensus rating of “Hold” and a consensus target price of $16.50.

Institutional Trading of Townsquare Media

Several hedge funds have recently made changes to their positions in TSQ. Gabelli Funds LLC grew its stake in Townsquare Media by 4.9% during the 2nd quarter. Gabelli Funds LLC now owns 57,500 shares of the company’s stock worth $455,000 after buying an additional 2,700 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Townsquare Media by 23.2% during the first quarter. Rhumbline Advisers now owns 18,036 shares of the company’s stock valued at $147,000 after acquiring an additional 3,393 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Townsquare Media during the second quarter valued at $33,000. Crews Bank & Trust bought a new position in shares of Townsquare Media during the fourth quarter worth about $26,000. Finally, Boyar Asset Management Inc. increased its holdings in shares of Townsquare Media by 17.7% in the 2nd quarter. Boyar Asset Management Inc. now owns 42,540 shares of the company’s stock worth $336,000 after acquiring an additional 6,387 shares during the period. 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.