Geode Capital Management LLC Has $2.84 Million Stock Holdings in Townsquare Media, Inc. (NYSE:TSQ)

Geode Capital Management LLC grew its position in Townsquare Media, Inc. (NYSE:TSQ) by 0.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 278,985 shares of the company’s stock after buying an additional 1,151 shares during the period. Geode Capital Management LLC owned 1.81% of Townsquare Media worth $2,835,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TSQ. Copeland Capital Management LLC bought a new stake in shares of Townsquare Media in the 3rd quarter valued at $39,000. Meeder Asset Management Inc. bought a new position in shares of Townsquare Media during the 2nd quarter valued at about $57,000. BNP Paribas Financial Markets increased its stake in 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 in the last quarter. Rhumbline Advisers raised its holdings in 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 buying an additional 2,481 shares during the period. Finally, Barclays PLC raised its holdings in Townsquare Media by 59.8% during the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after buying an additional 14,109 shares during the period. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Price Performance

NYSE:TSQ opened at $9.27 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 271.80. Townsquare Media, Inc. has a 12-month low of $8.90 and a 12-month high of $13.57. The stock’s 50 day moving average price is $9.87 and its two-hundred day moving average price is $10.33. The firm has a market capitalization of $144.12 million, a price-to-earnings ratio of -3.42, a P/E/G ratio of 0.79 and a beta of 1.31.

Townsquare Media Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be given a dividend of $0.1975 per share. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a yield of 8.52%. Townsquare Media’s dividend payout ratio (DPR) is -29.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TSQ shares. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research report 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.

Insiders Place Their Bets

In related news, major shareholder Msd Capital L. P sold 6,257 shares of Townsquare Media stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $10.01, for a total transaction of $62,632.57. Following the completion of the sale, the insider now directly owns 1,506,641 shares of the company’s stock, valued at approximately $15,081,476.41. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Claire Marie Yenicay sold 5,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the transaction, the executive vice president now directly owns 207,393 shares in the company, valued at approximately $2,001,342.45. This represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,525 shares of company stock valued at $713,275 over the last ninety days. 34.90% of the stock is currently owned by company insiders.

Townsquare Media 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.