Townsquare Media, Inc. (NYSE:TSQ) Major Shareholder Sells $371,591.84 in Stock

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 36,574 shares of Townsquare Media stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $10.16, for a total transaction 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. The trade was a 2.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Townsquare Media Stock Down 0.8 %

TSQ traded down $0.08 during mid-day trading on Monday, reaching $9.93. 49,014 shares of the stock were exchanged, compared to its average volume of 51,811. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.36 and a current ratio of 1.38. The stock has a market capitalization of $152.86 million, a PE ratio of -3.69, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. The company has a 50 day moving average price of $10.08 and a two-hundred day moving average price of $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 company 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 dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s dividend payout ratio is -29.15%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Townsquare Media

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Townsquare Media by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after purchasing an additional 1,151 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Townsquare Media by 28.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after purchasing an additional 1,503 shares during the period. Access Investment Management LLC raised its stake in shares of Townsquare Media by 0.5% during the 2nd quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock worth $4,340,000 after purchasing an additional 2,140 shares during the period. Rhumbline Advisers raised its stake in shares of Townsquare Media by 24.4% during the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after purchasing an additional 2,481 shares during the period. Finally, Boyar Asset Management Inc. raised its stake in shares of Townsquare Media by 8.7% during the 2nd quarter. Boyar Asset Management Inc. now owns 39,172 shares of the company’s stock worth $429,000 after purchasing an additional 3,150 shares during the period. 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.