Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) Director Gary L. Ginsberg sold 15,000 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $11.68, for a total value of $175,200.00. Following the transaction, the director now directly owns 100,164 shares in the company, valued at $1,169,915.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Townsquare Media Trading Up 2.7 %
NYSE TSQ opened at $12.35 on Thursday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 50.41. Townsquare Media, Inc. has a twelve month low of $8.00 and a twelve month high of $12.65. The firm has a market capitalization of $205.38 million, a PE ratio of -4.51, a P/E/G ratio of 0.68 and a beta of 1.37. The stock's 50 day moving average is $10.86 and its 200 day moving average is $10.05.
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 given a dividend of $0.198 per share. The ex-dividend date is Thursday, April 4th. This is a positive change from Townsquare Media's previous quarterly dividend of $0.19. This represents a $0.79 annualized dividend and a dividend yield of 6.41%. Townsquare Media's payout ratio is currently -27.37%.
Institutional Investors Weigh In On Townsquare Media
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Several hedge funds have recently made changes to their positions in TSQ. Vanguard Group Inc. boosted its holdings in Townsquare Media by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 591,495 shares of the company's stock worth $6,246,000 after acquiring an additional 7,252 shares in the last quarter. Barclays PLC boosted its holdings in Townsquare Media by 109.5% in the fourth quarter. Barclays PLC now owns 26,676 shares of the company's stock worth $282,000 after acquiring an additional 13,944 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Townsquare Media by 12.3% in the fourth quarter. Nuveen Asset Management LLC now owns 16,995 shares of the company's stock worth $180,000 after acquiring an additional 1,863 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Townsquare Media by 0.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 362,847 shares of the company's stock worth $3,832,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in Townsquare Media by 2.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 243,700 shares of the company's stock worth $2,573,000 after acquiring an additional 5,288 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on TSQ. Guggenheim boosted 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. Noble Financial boosted their target price on Townsquare Media from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Monday. Barrington Research reissued an "outperform" rating and set a $17.00 target price on shares of Townsquare Media in a research note on Tuesday. Finally, StockNews.com upgraded Townsquare Media from a "hold" rating to a "buy" rating in a research report on Friday, March 29th.
View Our Latest Stock Analysis on TSQ
Townsquare Media Company Profile
(
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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.
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