Townsquare Media, Inc. (NYSE:TSQ) Major Shareholder Msd Capital L. P Sells 3,311 Shares of Stock

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 3,311 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $10.32, for a total value of $34,169.52. Following the transaction, the insider now owns 1,515,516 shares in the company, valued at $15,640,125.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Townsquare Media Stock Performance

Townsquare Media stock opened at $9.85 on Wednesday. The stock’s 50-day moving average is $10.07 and its 200-day moving average is $10.74. The company has a market cap of $151.59 million, a price-to-earnings ratio of -3.63, a price-to-earnings-growth ratio of 0.86 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. Townsquare Media, Inc. has a 12 month low of $8.90 and a 12 month high of $13.57.

Townsquare Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be issued a dividend of $0.1975 per share. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.79 annualized dividend and a dividend yield of 8.02%. Townsquare Media’s payout ratio is currently -29.15%.

Institutional Investors Weigh In On Townsquare Media

Several hedge funds have recently modified their holdings of TSQ. Privium Fund Management UK Ltd purchased a new stake in shares of Townsquare Media during the 2nd quarter valued at about $232,000. Renaissance Technologies LLC raised its holdings in shares of Townsquare Media by 3.9% during the 2nd quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after buying an additional 17,900 shares during the period. Vanguard Group Inc. raised its holdings in shares of 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 period. Virtu Financial LLC purchased a new stake in shares of Townsquare Media during the 1st quarter valued at about $124,000. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Townsquare Media by 12.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after buying an additional 8,079 shares during the period. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TSQ has been the topic of several recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $17.00 target price on shares of Townsquare Media in a research report on Thursday, November 7th. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday.

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.