Townsquare Media, Inc. (NYSE:TSQ) Major Shareholder Msd Capital L. P Sells 36,574 Shares of Stock

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 36,574 shares of the firm’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $10.16, for a total value of $371,591.84. Following the completion of the sale, the insider now directly owns 1,470,067 shares of the company’s stock, valued at approximately $14,935,880.72. This trade represents a 2.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Townsquare Media Price Performance

Townsquare Media stock opened at $9.93 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.38 and a debt-to-equity ratio of 271.80. The firm’s 50-day simple moving average is $10.08 and its 200 day simple moving average is $10.69. Townsquare Media, Inc. has a 52 week low of $9.36 and a 52 week high of $13.57. The firm has a market capitalization of $152.86 million, a PE ratio of -3.66, a P/E/G ratio of 0.78 and a beta of 1.36.

Townsquare Media Announces Dividend

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

Analysts Set New Price Targets

TSQ has been the subject of several recent analyst reports. Barrington Research reiterated 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 upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew 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 valued at $6,627,000 after buying an additional 12,073 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of 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 in the last quarter. O Shaughnessy Asset Management LLC boosted its stake 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 valued at $824,000 after acquiring an additional 8,079 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Townsquare Media by 8.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock worth $465,000 after purchasing an additional 3,469 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after purchasing an additional 2,481 shares during the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

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.