Townsquare Media Inc (NYSE:TSQ) Short Interest Update

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Townsquare Media Inc (NYSE:TSQ) was the recipient of a large decline in short interest during the month of November. As of November 29th, there was short interest totalling 48,600 shares, a decline of 9.2% from the November 14th total of 53,500 shares. Based on an average daily trading volume, of 25,200 shares, the short-interest ratio is currently 1.9 days. Approximately 0.6% of the company’s shares are sold short.

Separately, ValuEngine lowered Townsquare Media from a “sell” rating to a “strong sell” rating in a research report on Monday, November 4th.

Shares of Townsquare Media stock traded up $0.12 on Friday, hitting $9.45. 13,880 shares of the company’s stock traded hands, compared to its average volume of 26,164. Townsquare Media has a one year low of $3.95 and a one year high of $9.49. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.52 and a quick ratio of 2.52. The company has a fifty day moving average of $7.88 and a two-hundred day moving average of $6.38. The company has a market capitalization of $176.37 million, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.89.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Tuesday, November 5th. The company reported $0.33 EPS for the quarter, meeting the consensus estimate of $0.33. Townsquare Media had a positive return on equity of 8.23% and a negative net margin of 0.72%. The company had revenue of $112.56 million for the quarter, compared to analyst estimates of $109.30 million. Equities research analysts anticipate that Townsquare Media will post 1.03 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, December 27th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, December 26th. This represents a $0.30 annualized dividend and a dividend yield of 3.17%. Townsquare Media’s payout ratio is 29.13%.

Several institutional investors have recently made changes to their positions in the stock. Eidelman Virant Capital boosted its position in shares of Townsquare Media by 19.9% during the 3rd quarter. Eidelman Virant Capital now owns 86,450 shares of the company’s stock valued at $608,000 after purchasing an additional 14,350 shares in the last quarter. Parallax Volatility Advisers L.P. boosted its position in shares of Townsquare Media by 139.5% during the 2nd 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. HM Payson & Co. boosted its position in shares of Townsquare Media by 31.0% during the 2nd quarter. HM Payson & Co. now owns 27,500 shares of the company’s stock valued at $148,000 after purchasing an additional 6,500 shares in the last quarter. Morgan Stanley boosted its position in shares of Townsquare Media by 112.2% during the 2nd 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. Finally, Vanguard Group Inc. boosted its position in shares of Townsquare Media by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 245,237 shares of the company’s stock valued at $1,320,000 after purchasing an additional 12,124 shares in the last quarter. 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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