Townsquare Media, Inc. (NYSE:TSQ) Major Shareholder Sells $34,169.52 in Stock

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 3,311 shares of Townsquare Media stock in a transaction dated 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 transaction, the insider now directly owns 1,515,516 shares of the company’s stock, valued at approximately $15,640,125.12. This represents a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Townsquare Media Stock Performance

NYSE TSQ opened at $10.08 on Friday. The company has a fifty day moving average of $10.07 and a two-hundred day moving average of $10.73. 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, Inc. has a 1 year low of $9.32 and a 1 year high of $13.57.

Townsquare Media Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be given a dividend of $0.1975 per share. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.84%. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Institutional Investors Weigh In On Townsquare Media

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Townsquare Media by 2.0% during the first quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock worth $6,627,000 after purchasing an additional 12,073 shares during the last quarter. Ritholtz Wealth Management raised its position in Townsquare Media by 19.8% during the 2nd quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after buying an additional 5,600 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Townsquare Media by 8.0% in the 1st quarter. Empowered Funds LLC now owns 64,125 shares of the company’s stock worth $704,000 after acquiring an additional 4,725 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Townsquare Media by 12.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock worth $824,000 after acquiring an additional 8,079 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Townsquare Media by 8.9% during the first quarter. Janney Montgomery Scott LLC now owns 42,360 shares of the company’s stock worth $465,000 after acquiring an additional 3,469 shares during the period. 71.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on TSQ shares. 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 upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research note 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.