Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum Sells 18,166 Shares

Townsquare Media, Inc. (NYSE:TSQ) COO Erik Hellum sold 18,166 shares of Townsquare Media stock in a transaction on Monday, September 30th. The stock was sold at an average price of $10.05, for a total transaction of $182,568.30. Following the sale, the chief operating officer now directly owns 562,680 shares of the company’s stock, valued at $5,654,934. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, September 26th, Erik Hellum sold 1,196 shares of Townsquare Media stock. The shares were sold at an average price of $10.24, for a total value of $12,247.04.
• On Tuesday, September 24th, Erik Hellum sold 9,223 shares of Townsquare Media stock. The shares were sold at an average price of $10.30, for a total value of $94,996.90.

Townsquare Media Trading Up 1.6 %

Townsquare Media stock traded up $0.16 during trading hours on Tuesday, reaching $10.32. The company had a trading volume of 32,961 shares, compared to its average volume of 54,155. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.36 and a quick ratio of 1.36. Townsquare Media, Inc. has a 12-month low of $8.00 and a 12-month high of $13.57. The company has a 50-day moving average price of $10.59 and a 200 day moving average price of $11.10. The firm has a market cap of $156.05 million, a price-to-earnings ratio of -3.99, a P/E/G ratio of 0.88 and a beta of 1.36.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.28). Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. The firm had revenue of $118.23 million for the quarter, compared to the consensus estimate of $117.99 million. Equities analysts forecast that Townsquare Media, Inc. will post 0.97 earnings per share for the current year.

Townsquare Media Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be issued a dividend of $0.1975 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.66%. Townsquare Media’s dividend payout ratio (DPR) is -31.10%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSQ. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Townsquare Media in a research note on Monday, August 12th. StockNews.com cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Institutional Trading of Townsquare Media

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. purchased a new stake in shares of Townsquare Media in the 2nd quarter worth approximately $57,000. Virtu Financial LLC purchased a new stake in shares of Townsquare Media in the first quarter worth $124,000. Rhumbline Advisers increased its holdings in shares of Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after acquiring an additional 2,481 shares in the last quarter. Privium Fund Management UK Ltd bought a new position in Townsquare Media in the 2nd quarter worth about $232,000. Finally, Ritholtz Wealth Management grew its position in Townsquare Media by 19.8% during the 2nd quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock valued at $371,000 after purchasing an additional 5,600 shares during the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.