Townsquare Media, Inc. (NYSE:TSQ) Shares Sold by MSD Capital L P

MSD Capital L P lowered its stake in Townsquare Media, Inc. (NYSE:TSQ - Free Report) by 52.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 728,199 shares of the company's stock after selling 790,628 shares during the quarter. Townsquare Media comprises approximately 3.6% of MSD Capital L P's investment portfolio, making the stock its 3rd biggest holding. MSD Capital L P owned 4.68% of Townsquare Media worth $6,619,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of Townsquare Media by 59.8% in the third quarter. Barclays PLC now owns 37,685 shares of the company's stock valued at $383,000 after purchasing an additional 14,109 shares during the last quarter. Marshall Wace LLP acquired a new stake in Townsquare Media during the fourth quarter worth about $369,000. Russell Investments Group Ltd. lifted its stake in Townsquare Media by 1,086.0% during the fourth 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. Wealthfront Advisers LLC bought a new position in shares of Townsquare Media in the fourth quarter worth about $69,000. Finally, Empowered Funds LLC lifted its holdings in shares of Townsquare Media by 5.2% in the fourth quarter. Empowered Funds LLC now owns 56,634 shares of the company's stock worth $515,000 after acquiring an additional 2,804 shares during the last quarter. Institutional investors own 71.69% of the company's stock.

Townsquare Media Price Performance

Shares of TSQ traded down $0.23 during trading hours on Monday, hitting $6.86. The stock had a trading volume of 60,596 shares, compared to its average volume of 65,403. The firm has a 50 day simple moving average of $7.33 and a 200-day simple moving average of $8.66. The firm has a market capitalization of $110.50 million, a P/E ratio of -2.53, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. Townsquare Media, Inc. has a 1-year low of $6.47 and a 1-year high of $12.32.

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

Townsquare Media Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 11.67%. The ex-dividend date is Friday, July 18th. Townsquare Media's payout ratio is currently -60.15%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Townsquare Media from a "strong-buy" rating to a "hold" rating in a report on Friday. Noble Financial reaffirmed a "buy" rating and set a $21.00 price objective on shares of Townsquare Media in a research report on Friday, May 9th. Finally, Barrington Research reduced their price objective on shares of Townsquare Media from $15.00 to $13.00 and set an "outperform" rating for the company in a research report on Friday, May 9th.

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.