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 the business’s stock in a transaction on 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 transaction, the insider now 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Townsquare Media Stock Up 2.5 %

Shares of Townsquare Media stock opened at $10.08 on Friday. The stock’s 50 day simple moving average is $10.07 and its 200-day simple moving average is $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 company 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 dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 7.84%. The ex-dividend date is Tuesday, January 21st. Townsquare Media’s dividend payout ratio (DPR) is presently -29.15%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com raised 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 target price on shares of Townsquare Media in a research report on Thursday, November 7th.

Hedge Funds Weigh In On Townsquare Media

Institutional investors and hedge funds have recently bought and sold shares of the company. Copeland Capital Management LLC purchased a new stake in shares of Townsquare Media during the 3rd quarter valued at approximately $39,000. Meeder Asset Management Inc. acquired a new stake in Townsquare Media during the second quarter worth $57,000. BNP Paribas Financial Markets raised its position in Townsquare Media by 28.9% in the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after purchasing an additional 1,503 shares during the period. Virtu Financial LLC acquired a new position in shares of Townsquare Media in the 1st quarter valued at $124,000. Finally, Rhumbline Advisers grew its holdings in shares of Townsquare Media by 24.4% during the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after purchasing an additional 2,481 shares during the period. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.