Key Points
- COO Erik Hellum sold 6,522 shares on January 20 at an average price of $5.57 for $36,327.54, leaving him with 969,648 shares (a 0.67% reduction in his ownership).
- Hellum also sold 7,437 shares on January 16 and 5,693 shares on December 29; across the three trades he disposed of 19,652 shares for roughly $106,335 in proceeds.
- Townsquare Media declared a quarterly dividend of $0.20 per share (annualized $0.80) with an ex-dividend date of January 26 and a payable date of February 2, implying a 13.9% yield.
Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) COO Erik Hellum sold 6,522 shares of the business's stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $5.57, for a total transaction of $36,327.54. Following the sale, the chief operating officer owned 969,648 shares in the company, valued at $5,400,939.36. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Erik Hellum also recently made the following trade(s):
- On Friday, January 16th, Erik Hellum sold 7,437 shares of Townsquare Media stock. The shares were sold at an average price of $5.54, for a total transaction of $41,200.98.
- On Monday, December 29th, Erik Hellum sold 5,693 shares of Townsquare Media stock. The shares were sold at an average price of $5.06, for a total transaction of $28,806.58.
Townsquare Media Trading Up 2.9%
TSQ stock opened at $5.76 on Thursday. The company's 50-day moving average price is $5.15 and its 200 day moving average price is $6.28. Townsquare Media, Inc. has a 52 week low of $4.30 and a 52 week high of $9.38. The company has a market cap of $94.81 million, a P/E ratio of 5.59, a P/E/G ratio of 0.74 and a beta of 0.88.
Townsquare Media (NYSE:TSQ - Get Free Report) last issued its earnings results on Monday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05. The company had revenue of $106.76 million during the quarter, compared to analysts' expectations of $107.96 million. Townsquare Media had a net margin of 4.27% and a negative return on equity of 47.95%. On average, equities research analysts expect that Townsquare Media, Inc. will post 1.07 earnings per share for the current year.
Townsquare Media Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Monday, January 26th will be given a dividend of $0.20 per share. 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 payout ratio is presently 77.67%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on TSQ shares. Barrington Research cut their price target on Townsquare Media from $13.00 to $12.00 and set an "outperform" rating for the company in a research note on Monday, November 10th. Wall Street Zen cut shares of Townsquare Media from a "hold" rating to a "sell" rating in a research report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Townsquare Media in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Townsquare Media currently has an average rating of "Hold" and an average price target of $16.50.
View Our Latest Stock Analysis on TSQ
Institutional Investors Weigh In On Townsquare Media
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Crews Bank & Trust purchased a new position in shares of Townsquare Media during the fourth quarter valued at approximately $26,000. Raymond James Financial Inc. acquired a new position in Townsquare Media in the 2nd quarter valued at $33,000. AlphaCore Capital LLC acquired a new position in Townsquare Media in the 3rd quarter valued at $69,000. Algert Global LLC purchased a new position in shares of Townsquare Media during the 3rd quarter worth $72,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Townsquare Media during the second quarter worth $101,000. 71.69% of the stock is currently owned by hedge funds and other institutional investors.
About Townsquare Media
(
Get Free Report)
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.
Further Reading
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