Townsquare Media, Inc. (NYSE:TSQ) is MSD Capital L P's 3rd Largest Position

MSD Capital L P decreased its position in Townsquare Media, Inc. (NYSE:TSQ - Free Report) by 52.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 728,199 shares of the company's stock after selling 790,628 shares during the period. Townsquare Media accounts for 3.6% of MSD Capital L P's portfolio, making the stock its 3rd largest position. MSD Capital L P owned 4.68% of Townsquare Media worth $6,619,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in Townsquare Media by 56.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,296 shares of the company's stock valued at $57,000 after buying an additional 2,259 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Townsquare Media during the 4th quarter worth approximately $69,000. Russell Investments Group Ltd. increased its position in shares of Townsquare Media by 1,086.0% during the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company's stock worth $76,000 after purchasing an additional 7,700 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Townsquare Media by 47.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company's stock worth $247,000 after purchasing an additional 8,700 shares during the last quarter. Finally, Trexquant Investment LP increased its position in shares of Townsquare Media by 122.8% during the 4th quarter. Trexquant Investment LP now owns 28,353 shares of the company's stock worth $258,000 after purchasing an additional 15,628 shares during the last quarter. Institutional investors own 71.69% of the company's stock.

Townsquare Media Stock Performance

Shares of TSQ stock traded up $0.02 on Friday, hitting $7.07. The company had a trading volume of 79,545 shares, compared to its average volume of 57,874. The firm has a market cap of $113.96 million, a P/E ratio of -2.61, a P/E/G ratio of 0.58 and a beta of 1.08. The stock's 50-day moving average is $7.33 and its two-hundred day moving average is $8.67. Townsquare Media, Inc. has a twelve month low of $6.47 and a twelve month high of $12.32.

Townsquare Media (NYSE:TSQ - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The company had revenue of $98.68 million for the quarter, compared to analyst estimates of $98.50 million. Equities research analysts predict that Townsquare Media, Inc. will post 1.07 EPS for the current year.

Townsquare Media Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, July 18th will be issued a $0.20 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.32%. Townsquare Media's dividend payout ratio is presently -60.15%.

Analysts Set New Price Targets

Several research analysts have recently commented on TSQ shares. Noble Financial reiterated a "buy" rating and set a $21.00 target price on shares of Townsquare Media in a research note on Friday, May 9th. Barrington Research reduced their target price on Townsquare Media from $15.00 to $13.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, StockNews.com downgraded Townsquare Media from a "strong-buy" rating to a "hold" rating in a research note on Friday.

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.