Townsquare Media, Inc. (NYSE:TSQ) Major Shareholder Msd Capital L. P Sells 5,139 Shares

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 5,139 shares of Townsquare Media stock in a transaction on Monday, November 18th. The shares were sold at an average price of $10.03, for a total value of $51,544.17. Following the completion of the sale, the insider now owns 1,452,549 shares in the company, valued at $14,569,066.47. This represents a 0.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Townsquare Media Stock Performance

Shares of TSQ stock traded down $0.08 during trading hours on Monday, reaching $9.93. 49,014 shares of the company’s stock were exchanged, compared to its average volume of 51,811. The company has a market cap of $152.86 million, a P/E ratio of -3.66, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.38 and a quick ratio of 1.36. The company’s 50 day moving average is $10.08 and its two-hundred day moving average is $10.69. Townsquare Media, Inc. has a 1 year low of $9.36 and a 1 year high of $13.57.

Townsquare Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 7.96%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s dividend payout ratio (DPR) is -29.15%.

Institutional Investors Weigh In On Townsquare Media

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Townsquare Media by 2.0% in the first quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock valued at $6,627,000 after purchasing an additional 12,073 shares during the period. Ritholtz Wealth Management boosted its stake in Townsquare Media by 19.8% in the second quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock valued at $371,000 after acquiring an additional 5,600 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in Townsquare Media by 12.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after acquiring an additional 8,079 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Townsquare Media by 8.9% during the first quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock valued at $465,000 after buying an additional 3,469 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after buying an additional 2,481 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a research note on Thursday, November 7th. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

About Townsquare Media

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.