Barclays PLC Increases Position in Townsquare Media, Inc. (NYSE:TSQ)

Barclays PLC increased its stake in shares of Townsquare Media, Inc. (NYSE:TSQ) by 59.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,685 shares of the company’s stock after buying an additional 14,109 shares during the period. Barclays PLC owned about 0.24% of Townsquare Media worth $383,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Copeland Capital Management LLC purchased a new position in Townsquare Media during the third quarter valued at approximately $39,000. Meeder Asset Management Inc. bought a new stake in Townsquare Media in the second quarter valued at approximately $57,000. BNP Paribas Financial Markets raised its holdings in Townsquare Media by 28.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after buying an additional 1,503 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after purchasing an additional 2,481 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of Townsquare Media by 19.8% in the 2nd quarter. Ritholtz Wealth Management now owns 33,841 shares of the company’s stock worth $371,000 after buying an additional 5,600 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Trading Up 4.6 %

NYSE:TSQ opened at $10.00 on Friday. The company has a market cap of $155.47 million, a PE ratio of -3.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.32. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 271.80. The company has a 50 day simple moving average of $9.90 and a two-hundred day simple moving average of $10.34. Townsquare Media, Inc. has a 12 month low of $8.90 and a 12 month high of $13.57.

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 issued a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.90%. The ex-dividend date is Tuesday, January 21st. Townsquare Media’s dividend payout ratio is -29.15%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $17.00 target price 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 research report on Monday, November 11th.

Insiders Place Their Bets

In related news, major shareholder Msd Capital L. P sold 3,311 shares of Townsquare Media stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $10.32, for a total transaction of $34,169.52. Following the transaction, the insider now directly owns 1,515,516 shares in the company, valued at approximately $15,640,125.12. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claire Marie Yenicay sold 5,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $9.22, for a total value of $46,100.00. Following the completion of the sale, the executive vice president now owns 214,953 shares of the company’s stock, valued at approximately $1,981,866.66. The trade was a 2.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,525 shares of company stock valued at $713,275. Insiders own 30.50% of the company’s stock.

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.