Townsquare Media, Inc. (NYSE:TSQ) Director Buys $520,500.00 in Stock

Townsquare Media, Inc. (NYSE:TSQ) Director Stephen A. Kaplan bought 50,000 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were purchased at an average cost of $10.41 per share, with a total value of $520,500.00. Following the transaction, the director now directly owns 137,808 shares in the company, valued at approximately $1,434,581.28. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Townsquare Media Stock Up 0.6 %

Townsquare Media stock traded up $0.06 during midday trading on Tuesday, reaching $10.32. The stock had a trading volume of 58,685 shares, compared to its average volume of 54,246. The company has a fifty day moving average price of $10.73 and a two-hundred day moving average price of $11.11. Townsquare Media, Inc. has a 12 month low of $8.00 and a 12 month high of $13.57. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. The company has a market capitalization of $156.05 million, a P/E ratio of -4.05, a PEG ratio of 0.84 and a beta of 1.36.

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

Townsquare Media Cuts Dividend

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

Analyst Upgrades and Downgrades

TSQ has been the topic of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a research report on Monday, August 12th. StockNews.com cut Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Hedge Funds Weigh In On Townsquare Media

A number of hedge funds and other institutional investors have recently modified their holdings of TSQ. Gabelli Funds LLC increased its position in shares of Townsquare Media by 5.1% during the fourth quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock valued at $655,000 after acquiring an additional 3,000 shares during the last quarter. Vanguard Group Inc. grew its stake in Townsquare Media by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock valued at $6,627,000 after purchasing an additional 12,073 shares during the period. Ritholtz Wealth Management increased its position in shares of 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. Empowered Funds LLC raised its stake in shares of Townsquare Media by 8.0% during the 1st quarter. Empowered Funds LLC now owns 64,125 shares of the company’s stock worth $704,000 after purchasing an additional 4,725 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Townsquare Media by 12.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock worth $824,000 after buying an additional 8,079 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.