Jane Street Group LLC Sells 5,454 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Jane Street Group LLC decreased its position in Townsquare Media, Inc. (NYSE:TSQ) by 26.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,179 shares of the company’s stock after selling 5,454 shares during the quarter. Jane Street Group LLC owned approximately 0.10% of Townsquare Media worth $154,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after acquiring an additional 6,800 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after acquiring an additional 1,503 shares in the last quarter. Copeland Capital Management LLC bought a new position in Townsquare Media during the third quarter valued at about $39,000. Renaissance Technologies LLC grew its position in Townsquare Media by 3.9% during the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after buying an additional 17,900 shares during the period. Finally, Rhumbline Advisers grew its position in Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after buying an additional 2,481 shares during the period. Institutional investors own 71.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TSQ shares. Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a research report on Thursday, November 7th. StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Insider Activity

In other Townsquare Media news, EVP Claire Marie Yenicay sold 5,000 shares of Townsquare Media stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.22, for a total transaction of $46,100.00. Following the completion of the sale, the executive vice president now directly owns 214,953 shares in the company, valued at $1,981,866.66. The trade was a 2.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Msd Capital L. P sold 6,257 shares of Townsquare Media stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $10.01, for a total transaction of $62,632.57. Following the sale, the insider now owns 1,506,641 shares of the company’s stock, valued at approximately $15,081,476.41. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,525 shares of company stock worth $713,275. 30.50% of the stock is owned by company insiders.

Townsquare Media Trading Up 1.7 %

Shares of Townsquare Media stock opened at $9.03 on Tuesday. The company’s 50-day moving average price is $9.82 and its 200-day moving average price is $10.31. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 271.80. Townsquare Media, Inc. has a 12-month low of $8.70 and a 12-month high of $13.57. The company has a market cap of $140.39 million, a price-to-earnings ratio of -3.33, a PEG ratio of 0.79 and a beta of 1.31.

Townsquare Media Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Tuesday, January 21st will be given a $0.1975 dividend. The ex-dividend date of this dividend is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.75%. Townsquare Media’s dividend payout ratio (DPR) is currently -29.15%.

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.