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 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 transaction, the insider now directly owns 1,515,516 shares in the company, valued at approximately $15,640,125.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Townsquare Media Trading Down 1.2 %

Shares of NYSE:TSQ traded down $0.12 during midday trading on Tuesday, hitting $9.85. 42,223 shares of the stock traded hands, compared to its average volume of 51,503. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 271.80. Townsquare Media, Inc. has a one year low of $8.90 and a one year high of $13.57. The stock has a market capitalization of $151.59 million, a PE ratio of -3.63, a P/E/G ratio of 0.86 and a beta of 1.36. The business’s 50 day moving average is $10.09 and its two-hundred day moving average is $10.77.

Townsquare Media Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be paid a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 8.02%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s dividend payout ratio is presently -29.15%.

Wall Street Analysts Forecast Growth

TSQ has been the topic of several recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Townsquare Media in a 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.

Institutional Investors Weigh In On Townsquare Media

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Copeland Capital Management LLC purchased a new position in shares of Townsquare Media in the 3rd quarter worth approximately $39,000. Renaissance Technologies LLC boosted its stake in Townsquare Media by 3.9% in the 2nd quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock worth $5,287,000 after purchasing an additional 17,900 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Townsquare Media in the second quarter worth about $57,000. 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 valued at $429,000 after buying an additional 3,150 shares during the last quarter. Finally, Privium Fund Management UK Ltd purchased a new position in Townsquare Media in the second quarter valued at $232,000. 71.69% of the stock is owned by 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.