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

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 3,311 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $10.32, for a total value of $34,169.52. Following the completion of the sale, the insider now owns 1,515,516 shares in the company, valued at approximately $15,640,125.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Townsquare Media Stock Performance

Shares of TSQ traded down $0.12 during midday trading on Tuesday, reaching $9.85. 42,223 shares of the stock were exchanged, compared to its average volume of 51,503. Townsquare Media, Inc. has a twelve month low of $8.90 and a twelve month high of $13.57. The stock’s 50 day simple moving average is $10.09 and its 200 day simple moving average is $10.77. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 271.80. The company has a market cap of $151.59 million, a P/E ratio of -3.63, a PEG ratio of 0.86 and a beta of 1.36.

Townsquare Media Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be given a $0.1975 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.02%. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Institutional Investors Weigh In On Townsquare Media

Several institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in Townsquare Media by 8.9% during the 1st 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 period. Empowered Funds LLC increased its holdings in shares of Townsquare Media by 8.0% during the 1st quarter. Empowered Funds LLC now owns 64,125 shares of the company’s stock worth $704,000 after buying an additional 4,725 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 in the last quarter. O Shaughnessy Asset Management LLC increased its position in Townsquare Media by 12.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock worth $824,000 after buying an additional 8,079 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Townsquare Media during the 1st quarter worth approximately $124,000. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TSQ. Barrington Research restated 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 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.