State Street Corp Has $1.80 Million Stock Holdings in Townsquare Media, Inc. (NYSE:TSQ)

State Street Corp increased its position in shares of Townsquare Media, Inc. (NYSE:TSQ) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,163 shares of the company’s stock after purchasing an additional 6,800 shares during the quarter. State Street Corp owned approximately 1.15% of Townsquare Media worth $1,800,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TSQ. Copeland Capital Management LLC bought a new position in shares of Townsquare Media in the third quarter valued at approximately $39,000. Meeder Asset Management Inc. acquired a new position in Townsquare Media in the second quarter worth $57,000. BNP Paribas Financial Markets grew its holdings in shares of Townsquare Media by 28.9% during the third 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. Rhumbline Advisers increased its stake in shares of Townsquare Media by 24.4% in 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 in the last quarter. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Townsquare Media in the second quarter valued at $232,000. 71.69% of the stock is owned by institutional investors.

Townsquare Media Stock Performance

Townsquare Media stock opened at $9.09 on Thursday. The company has a market cap of $141.32 million, a PE ratio of -3.35, a PEG 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. Townsquare Media, Inc. has a 1 year low of $8.90 and a 1 year high of $13.57. The company’s 50-day moving average is $9.91 and its two-hundred day moving average is $10.35.

Townsquare Media Announces Dividend

The firm 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 dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a yield of 8.69%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s dividend payout ratio is presently -29.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Barrington Research reissued an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a research note on Thursday, November 7th.

Insiders Place Their Bets

In other news, EVP Scott Schatz sold 4,594 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $9.65, for a total transaction of $44,332.10. Following the completion of the transaction, the executive vice president now directly owns 31,366 shares in the company, valued at approximately $302,681.90. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Msd Capital L. P sold 3,311 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were 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 directly owns 1,515,516 shares of the company’s stock, valued at approximately $15,640,125.12. This trade represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,525 shares of company stock valued at $667,175. Company insiders own 30.50% of the company’s stock.

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.