Townsquare Media, Inc. (NYSE:TSQ) Short Interest Update

Townsquare Media, Inc. (NYSE:TSQ) was the target of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 230,300 shares, a drop of 19.5% from the October 31st total of 286,100 shares. Based on an average trading volume of 45,500 shares, the days-to-cover ratio is currently 5.1 days. Approximately 2.0% of the shares of the stock are short sold.

Analyst Ratings Changes

TSQ has been the subject of a number of research analyst reports. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a research note on Thursday, November 7th.

Townsquare Media Trading Up 0.2 %

Shares of NYSE:TSQ opened at $10.10 on Monday. Townsquare Media has a 12-month low of $9.48 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 $157.06 million, a P/E ratio of -3.73, a price-to-earnings-growth ratio of 0.79 and a beta of 1.36. The firm has a fifty day moving average of $10.11 and a two-hundred day moving average of $10.53.

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 $0.1975 dividend. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a yield of 7.82%. Townsquare Media’s dividend payout ratio (DPR) is currently -29.15%.

Insider Activity at Townsquare Media

In other news, major shareholder Msd Capital L. P sold 3,311 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $10.32, for a total value of $34,169.52. Following the completion of the sale, the insider now owns 1,515,516 shares in the company, valued at $15,640,125.12. This represents a 0.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Erik Hellum sold 18,166 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $10.05, for a total transaction of $182,568.30. Following the transaction, the chief operating officer now owns 562,680 shares of the company’s stock, valued at approximately $5,654,934. This trade represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 79,866 shares of company stock worth $809,750 over the last quarter. 30.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Copeland Capital Management LLC bought a new stake in shares of Townsquare Media in the 3rd quarter valued at approximately $39,000. Meeder Asset Management Inc. bought a new stake in Townsquare Media in the second quarter worth approximately $57,000. BNP Paribas Financial Markets increased its stake in shares of Townsquare Media by 28.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after purchasing an additional 1,503 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Townsquare Media in the 1st quarter valued at $124,000. Finally, Rhumbline Advisers boosted its stake in shares of Townsquare Media by 24.4% during the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after acquiring an additional 2,481 shares in the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

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.