Townsquare Media Inc (NYSE:TSQ) Short Interest Down 5.6% in November

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Townsquare Media Inc (NYSE:TSQ) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 53,500 shares, a drop of 5.6% from the October 31st total of 56,700 shares. Based on an average daily trading volume, of 21,100 shares, the short-interest ratio is currently 2.5 days. Currently, 0.6% of the shares of the stock are sold short.

TSQ has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Townsquare Media from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Noble Financial set a $12.00 price objective on shares of Townsquare Media and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, ValuEngine cut shares of Townsquare Media from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th.

Shares of TSQ stock opened at $8.15 on Tuesday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 2.52 and a current ratio of 2.52. The stock has a market capitalization of $152.85 million, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.69 and a beta of 1.89. The company has a 50 day moving average price of $7.30 and a 200 day moving average price of $6.21. Townsquare Media has a fifty-two week low of $3.95 and a fifty-two week high of $8.61.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The firm had revenue of $112.56 million during the quarter, compared to analysts’ expectations of $109.30 million. Townsquare Media had a negative net margin of 0.72% and a positive return on equity of 8.23%. On average, research analysts forecast that Townsquare Media will post 1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, December 27th will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Thursday, December 26th. Townsquare Media’s dividend payout ratio (DPR) is currently 29.13%.

Several hedge funds have recently made changes to their positions in TSQ. Parallax Volatility Advisers L.P. grew its holdings in shares of Townsquare Media by 139.5% in the second quarter. Parallax Volatility Advisers L.P. now owns 13,993 shares of the company’s stock valued at $75,000 after purchasing an additional 49,433 shares in the last quarter. Morgan Stanley grew its holdings in shares of Townsquare Media by 112.2% in the second quarter. Morgan Stanley now owns 31,669 shares of the company’s stock valued at $170,000 after purchasing an additional 16,748 shares in the last quarter. BlackRock Inc. lifted its stake in Townsquare Media by 15.6% in the second quarter. BlackRock Inc. now owns 112,504 shares of the company’s stock worth $606,000 after acquiring an additional 15,166 shares during the last quarter. Eidelman Virant Capital lifted its stake in Townsquare Media by 19.9% in the third quarter. Eidelman Virant Capital now owns 86,450 shares of the company’s stock worth $608,000 after acquiring an additional 14,350 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Townsquare Media by 5.2% in the second quarter. Vanguard Group Inc. now owns 245,237 shares of the company’s stock worth $1,320,000 after acquiring an additional 12,124 shares during the last quarter. Hedge funds and other institutional investors own 41.41% of the company’s stock.

About Townsquare Media

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. The company provides advertising and marketing solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

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