Townsquare Media, Inc. (NYSE:TSQ) Major Shareholder Sells $62,632.57 in Stock

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 6,257 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Townsquare Media Stock Down 1.2 %

TSQ stock traded down $0.12 during mid-day trading on Tuesday, reaching $9.85. The company had a trading volume of 42,223 shares, compared to its average volume of 51,503. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.36 and a current ratio of 1.36. Townsquare Media, Inc. has a fifty-two week low of $8.90 and a fifty-two week high of $13.57. The company has a market capitalization of $151.59 million, a price-to-earnings ratio of -3.68, a price-to-earnings-growth ratio of 0.86 and a beta of 1.36. The firm has a fifty day simple moving average of $10.09 and a 200 day simple moving average of $10.77.

Townsquare Media Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position 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 acquiring an additional 12,073 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Townsquare Media by 19.8% during the second 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 raised its holdings in Townsquare Media by 8.0% during the first quarter. Empowered Funds LLC now owns 64,125 shares of the company’s stock worth $704,000 after buying an additional 4,725 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Townsquare Media by 12.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after purchasing an additional 8,079 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position 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 valued at $465,000 after purchasing an additional 3,469 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Townsquare Media in a research report on Thursday, November 7th. StockNews.com upgraded shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday.

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.