Msd Capital L. P Sells 6,257 Shares of Townsquare Media, Inc. (NYSE:TSQ) Stock

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 6,257 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $10.01, for a total value of $62,632.57. Following the transaction, the insider now owns 1,506,641 shares in the company, valued at approximately $15,081,476.41. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Townsquare Media Stock Down 0.2 %

Shares of NYSE:TSQ opened at $9.83 on Thursday. Townsquare Media, Inc. has a 1 year low of $9.05 and a 1 year high of $13.57. The company has a market capitalization of $151.28 million, a PE ratio of -3.63, a price-to-earnings-growth ratio of 0.77 and a beta of 1.36. The business has a fifty day moving average price of $10.07 and a two-hundred day moving average price of $10.73. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be given 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 yield of 8.04%. Townsquare Media’s payout ratio is currently -29.15%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TSQ. StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday. Barrington Research reiterated an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a research note on Thursday, November 7th.

Institutional Trading of Townsquare Media

A number of large investors have recently added to or reduced their stakes in TSQ. Vanguard Group Inc. grew its position 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 acquiring an additional 12,073 shares during the period. Renaissance Technologies LLC grew its holdings in Townsquare Media by 3.9% during the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after purchasing an additional 17,900 shares during the period. Access Investment Management LLC increased its position in 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 buying an additional 2,140 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Townsquare Media by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 160,469 shares of the company’s stock valued at $1,759,000 after buying an additional 6,768 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its position 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 last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.