Bill Wilson Sells 21,420 Shares of Townsquare Media (NYSE:TSQ) Stock

Townsquare Media, Inc. (NYSE:TSQ) CEO Bill Wilson sold 21,420 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $5.54, for a total value of $118,666.80. Following the completion of the sale, the chief executive officer owned 2,979,061 shares in the company, valued at $16,503,997.94. This trade represents a 0.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bill Wilson also recently made the following trade(s):

• On Tuesday, August 11th, Bill Wilson sold 126,744 shares of Townsquare Media stock. The stock was sold at an average price of $5.61, for a total value of $711,033.84.

Townsquare Media Stock Up 0.2%

Shares of NYSE TSQ opened at $5.67 on Friday. The firm has a market capitalization of $96.97 million, a P/E ratio of -1.97, a P/E/G ratio of 23.58 and a beta of 1.22. The stock’s 50-day simple moving average is $6.47 and its two-hundred day simple moving average is $6.48. Townsquare Media, Inc. has a twelve month low of $4.30 and a twelve month high of $7.97.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Townsquare Media had a negative return on equity of 5.59% and a negative net margin of 11.82%.The firm had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $114.74 million. As a group, research analysts anticipate that Townsquare Media, Inc. will post 0.02 EPS for the current fiscal year.

Townsquare Media Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 26th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 14.1%. The ex-dividend date of this dividend is Monday, October 26th. Townsquare Media’s dividend payout ratio (DPR) is currently -27.78%.

Institutional Trading of Townsquare Media

Several hedge funds and other institutional investors have recently bought and sold shares of TSQ. Gabelli Funds LLC grew its position in Townsquare Media by 3.8% during the first quarter. Gabelli Funds LLC now owns 63,300 shares of the company’s stock valued at $344,000 after acquiring an additional 2,300 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Townsquare Media by 3.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 384,518 shares of the company’s stock valued at $2,088,000 after purchasing an additional 12,300 shares in the last quarter. Cetera Investment Advisers purchased a new stake in shares of Townsquare Media in the 1st quarter valued at $129,000. Janney Montgomery Scott LLC grew its holdings in shares of Townsquare Media by 5.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 45,847 shares of the company’s stock valued at $249,000 after purchasing an additional 2,319 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of Townsquare Media during the 1st quarter valued at $158,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TSQ shares. Weiss Ratings cut shares of Townsquare Media from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. Wall Street Zen downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research lowered shares of Townsquare Media from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, Barrington Research reissued an “outperform” rating and issued a $10.00 target price on shares of Townsquare Media in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Townsquare Media has a consensus rating of “Reduce” and an average target price of $10.00.

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.