Townsquare Media, Inc. (NYSE:TSQ) Sees Significant Decrease in Short Interest

Townsquare Media, Inc. (NYSE:TSQ) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 171,200 shares, a decrease of 19.2% from the December 15th total of 211,900 shares. Based on an average trading volume of 57,700 shares, the short-interest ratio is currently 3.0 days. Currently, 1.5% of the shares of the company are sold short.

Insider Transactions at Townsquare Media

In other news, major shareholder Msd Capital L. P sold 3,311 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $10.32, for a total value of $34,169.52. Following the completion of the transaction, the insider now owns 1,515,516 shares of the company’s stock, valued at approximately $15,640,125.12. This represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.22, for a total transaction of $46,100.00. Following the sale, the executive vice president now owns 214,953 shares in the company, valued at approximately $1,981,866.66. This represents a 2.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,525 shares of company stock worth $713,275. Insiders own 34.90% of the company’s stock.

Institutional Trading of Townsquare Media

Large investors have recently made changes to their positions in the stock. Barclays PLC grew its position in Townsquare Media by 59.8% in the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares during the last quarter. State Street Corp increased its holdings in Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after buying an additional 6,800 shares during the period. Geode Capital Management LLC raised its stake in shares of Townsquare Media by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock valued at $2,835,000 after buying an additional 1,151 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after buying an additional 1,503 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Townsquare Media by 24.4% during the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after acquiring an additional 2,481 shares during the period. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Stock Up 0.9 %

TSQ stock traded up $0.09 during trading hours on Friday, hitting $9.26. The company’s stock had a trading volume of 6,288 shares, compared to its average volume of 76,097. Townsquare Media has a 12 month low of $8.70 and a 12 month high of $13.57. The stock has a 50 day moving average price of $9.76 and a two-hundred day moving average price of $10.28. The company has a market capitalization of $143.92 million, a PE ratio of -3.42, a price-to-earnings-growth ratio of 0.52 and a beta of 1.31.

Townsquare Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be issued a dividend of $0.1975 per share. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 annualized dividend and a yield of 8.54%. Townsquare Media’s dividend payout ratio (DPR) is currently -29.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TSQ shares. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a research report on Thursday, November 7th. StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Townsquare Media Company Profile

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.