Msd Capital L. P Sells 3,311 Shares of Townsquare Media, Inc. (NYSE:TSQ) 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 shares were sold at an average price of $10.32, for a total transaction of $34,169.52. Following the completion of the sale, the insider now owns 1,515,516 shares of the company’s stock, 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 can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Townsquare Media Trading Down 0.2 %

Shares of TSQ stock opened at $9.83 on Thursday. The stock has a market capitalization of $151.28 million, a price-to-earnings ratio of -3.63, a PEG ratio of 0.77 and a beta of 1.36. The company’s fifty day simple moving average is $10.07 and its two-hundred day simple moving average is $10.73. Townsquare Media, Inc. has a 1 year low of $9.05 and a 1 year high of $13.57. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

TSQ has been the subject of several analyst reports. 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. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday.

Institutional Trading of Townsquare Media

Institutional investors have recently added to or reduced their stakes in the stock. Privium Fund Management UK Ltd bought a new position in Townsquare Media in the 2nd quarter valued at $232,000. Renaissance Technologies LLC grew its position in Townsquare Media by 3.9% during the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock worth $5,287,000 after buying an additional 17,900 shares in the last quarter. Vanguard Group Inc. increased its stake in Townsquare Media by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock worth $6,627,000 after acquiring an additional 12,073 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Townsquare Media in 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% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after acquiring an additional 8,079 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.