Townsquare Media, Inc. (NYSE:TSQ - Get Free Report) Director Stephen A. Kaplan acquired 50,000 shares of Townsquare Media stock in a transaction on Friday, September 20th. The stock was acquired at an average cost of $10.41 per share, for a total transaction of $520,500.00. Following the completion of the purchase, the director now owns 137,808 shares of the company's stock, valued at approximately $1,434,581.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Townsquare Media Price Performance
Shares of NYSE TSQ opened at $10.32 on Wednesday. Townsquare Media, Inc. has a twelve month low of $8.00 and a twelve month high of $13.57. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.36 and a quick ratio of 1.36. The company's fifty day moving average is $10.70 and its 200-day moving average is $11.11.
Townsquare Media (NYSE:TSQ - Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.28). The business had revenue of $118.23 million during the quarter, compared to analyst estimates of $117.99 million. Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. On average, equities analysts predict that Townsquare Media, Inc. will post 0.97 earnings per share for the current year.
Townsquare Media Cuts Dividend
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The business 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 of this dividend is Tuesday, October 15th. This represents a $0.79 annualized dividend and a yield of 7.66%. Townsquare Media's dividend payout ratio (DPR) is currently -31.10%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. StockNews.com lowered Townsquare Media from a "buy" rating to a "hold" rating in a research report on Thursday, August 8th. Barrington Research restated an "outperform" rating and set a $17.00 target price on shares of Townsquare Media in a report on Monday, August 12th.
Check Out Our Latest Research Report on TSQ
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC raised its holdings 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 worth $655,000 after acquiring an additional 3,000 shares during the period. Vanguard Group Inc. increased its holdings in Townsquare Media by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 603,568 shares of the company's stock worth $6,627,000 after purchasing an additional 12,073 shares in the last quarter. Ritholtz Wealth Management raised its stake in shares of Townsquare Media by 19.8% in 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 period. Empowered Funds LLC lifted its holdings in shares of Townsquare Media by 8.0% in the first quarter. Empowered Funds LLC now owns 64,125 shares of the company's stock valued at $704,000 after purchasing an additional 4,725 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Townsquare Media by 12.1% during the first 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 period. Institutional investors and hedge funds own 71.69% of the company's stock.
About Townsquare Media
(
Get Free Report)
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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