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 that occurred on Monday, November 11th. The stock was sold at an average price of $10.01, for a total transaction of $62,632.57. Following the completion of the transaction, the insider now directly owns 1,506,641 shares of the company’s stock, valued at approximately $15,081,476.41. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Townsquare Media Stock Down 0.2 %

Shares of NYSE:TSQ opened at $9.83 on Thursday. The firm 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 market cap 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 has a debt-to-equity ratio of 271.80, a current ratio of 1.38 and a quick ratio of 1.36. Townsquare Media, Inc. has a one year low of $9.05 and a one year high of $13.57.

Townsquare Media Announces Dividend

The firm 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. This represents a $0.79 annualized dividend and a yield of 8.04%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s dividend payout ratio is -29.15%.

Hedge Funds Weigh In On Townsquare Media

A number of institutional investors have recently added to or reduced their stakes in TSQ. Copeland Capital Management LLC bought a new stake in shares of Townsquare Media during the 3rd quarter valued at about $39,000. Meeder Asset Management Inc. bought a new position in shares of Townsquare Media in the second quarter worth approximately $57,000. BNP Paribas Financial Markets raised its stake 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 in the last quarter. Virtu Financial LLC bought a new stake in Townsquare Media during the first quarter valued at approximately $124,000. Finally, Rhumbline Advisers grew its stake in Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after buying an additional 2,481 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barrington Research restated 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 raised Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday.

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.