Townsquare Media, Inc. (NYSE:TSQ) Major Shareholder Msd Capital L. P Sells 5,139 Shares

Townsquare Media, Inc. (NYSE:TSQ) major shareholder Msd Capital L. P sold 5,139 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $10.03, for a total transaction of $51,544.17. Following the sale, the insider now owns 1,452,549 shares of the company’s stock, valued at $14,569,066.47. The trade was a 0.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Townsquare Media Price Performance

TSQ opened at $9.91 on Wednesday. Townsquare Media, Inc. has a 12-month low of $9.36 and a 12-month high of $13.57. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 271.80. The firm has a market capitalization of $154.10 million, a P/E ratio of -3.66, a PEG ratio of 0.78 and a beta of 1.36. The stock has a fifty day moving average of $10.09 and a 200-day moving average of $10.67.

Townsquare Media Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be given a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s dividend payout ratio (DPR) is -29.15%.

Institutional Trading of Townsquare Media

Institutional investors have recently made changes to their positions in the stock. Copeland Capital Management LLC purchased a new stake in Townsquare Media in the 3rd quarter worth approximately $39,000. Meeder Asset Management Inc. acquired a new position in shares of Townsquare Media in the second quarter worth $57,000. BNP Paribas Financial Markets raised its holdings in shares of Townsquare Media by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after acquiring an additional 1,503 shares in the last quarter. Virtu Financial LLC acquired a new stake in Townsquare Media during the first quarter valued at $124,000. Finally, Rhumbline Advisers grew its stake in Townsquare Media by 24.4% in the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after purchasing an additional 2,481 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 brokerages have recently issued reports on TSQ. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research note on Thursday, November 7th.

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.