Empowered Funds LLC Sells 15,155 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Empowered Funds LLC lessened its stake in Townsquare Media, Inc. (NYSE:TSQ) by 22.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,830 shares of the company’s stock after selling 15,155 shares during the quarter. Empowered Funds LLC owned approximately 0.35% of Townsquare Media worth $547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in 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 purchasing an additional 12,073 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Townsquare Media by 12.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after purchasing an additional 8,079 shares during the period. Virtu Financial LLC bought a new stake in shares of Townsquare Media in the first quarter worth about $124,000. Bank of New York Mellon Corp lifted its stake in Townsquare Media by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 160,469 shares of the company’s stock worth $1,759,000 after acquiring an additional 6,768 shares during the period. Finally, Access Investment Management LLC lifted its holdings in Townsquare Media by 0.5% in the second quarter. Access Investment Management LLC now owns 396,025 shares of the company’s stock worth $4,340,000 after buying an additional 2,140 shares during the period. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on TSQ. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research note on Thursday, November 7th. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

Townsquare Media Stock Up 0.2 %

TSQ opened at $10.01 on Monday. The stock has a market cap of $155.66 million, a price-to-earnings ratio of -3.69, a price-to-earnings-growth ratio of 0.78 and a beta of 1.36. The company has a debt-to-equity ratio of 271.80, a quick ratio of 1.38 and a current ratio of 1.38. The firm’s fifty day moving average is $10.11 and its 200 day moving average is $10.61. Townsquare Media, Inc. has a fifty-two week low of $9.36 and a fifty-two week high of $13.57.

Townsquare Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be given a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a dividend yield of 7.89%. The ex-dividend date is Tuesday, January 21st. Townsquare Media’s dividend payout ratio is currently -29.15%.

Insider Buying and Selling

In other Townsquare Media news, major shareholder Msd Capital L. P sold 5,139 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $10.03, for a total transaction of $51,544.17. Following the completion of the sale, the insider now directly owns 1,452,549 shares of the company’s stock, valued at $14,569,066.47. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Erik Hellum sold 9,223 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $10.30, for a total transaction of $94,996.90. Following the completion of the transaction, the chief operating officer now directly owns 607,680 shares in the company, valued at $6,259,104. This trade represents a 1.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 79,866 shares of company stock worth $809,750. 30.50% of the stock is owned by corporate insiders.

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.