Townsquare Media, Inc. (NYSE:TSQ) Major Shareholder Sells $51,544.17 in Stock

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 5,139 shares of the company’s 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 transaction, the insider now directly owns 1,452,549 shares in the company, valued at $14,569,066.47. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Townsquare Media Stock Performance

Townsquare Media stock traded down $0.08 during midday trading on Monday, hitting $9.93. 49,014 shares of the company were exchanged, compared to its average volume of 51,811. The firm has a market capitalization of $152.86 million, a PE ratio of -3.66, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. Townsquare Media, Inc. has a fifty-two week low of $9.36 and a fifty-two week high of $13.57. The business has a fifty day simple moving average of $10.08 and a two-hundred day simple moving average of $10.69. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.36 and a current ratio of 1.38.

Townsquare Media Announces Dividend

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

Analyst Ratings Changes

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

Institutional Trading of Townsquare Media

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings 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. Renaissance Technologies LLC boosted its stake in shares of Townsquare Media by 3.9% in the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock worth $5,287,000 after acquiring an additional 17,900 shares during the last quarter. Access Investment Management LLC boosted its stake in shares of Townsquare Media by 0.5% in the second quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock worth $4,340,000 after acquiring an additional 2,140 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Townsquare Media by 0.4% in the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after acquiring an additional 1,151 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Townsquare Media by 4.0% in the third quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after acquiring an additional 6,800 shares during the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

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.