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 Townsquare Media stock in a transaction on Monday, November 11th. The stock was sold at an average price of $10.01, for a total value of $62,632.57. Following the completion of the sale, the insider now directly owns 1,506,641 shares of the company’s stock, valued at $15,081,476.41. The trade was a 0.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Trading Up 2.5 %

Shares of TSQ opened at $10.08 on Friday. The business has a 50-day simple moving average of $10.07 and a two-hundred day simple moving average of $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 52 week low of $9.32 and a 52 week high of $13.57.

Townsquare Media Dividend Announcement

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 payout ratio is -29.15%.

Hedge Funds Weigh In On Townsquare Media

A number of hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in shares of Townsquare Media by 8.9% during the 1st 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 during the period. 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 valued at $704,000 after acquiring an additional 4,725 shares during the period. Vanguard Group Inc. lifted its position in shares of Townsquare Media by 2.0% in the first quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock valued at $6,627,000 after acquiring an additional 12,073 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Townsquare Media by 12.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after acquiring an additional 8,079 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Townsquare Media in the first quarter worth about $124,000. 71.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.