Barclays PLC Acquires 14,109 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Barclays PLC boosted its holdings in shares of Townsquare Media, Inc. (NYSE:TSQ) by 59.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,685 shares of the company’s stock after buying an additional 14,109 shares during the period. Barclays PLC owned approximately 0.24% of Townsquare Media worth $383,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Renaissance Technologies LLC raised its holdings in shares of Townsquare Media by 3.9% in the 2nd quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock worth $5,287,000 after acquiring an additional 17,900 shares during the last quarter. Geode Capital Management LLC increased its holdings in Townsquare Media by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 278,985 shares of the company’s stock worth $2,835,000 after purchasing an additional 1,151 shares in the last quarter. State Street Corp raised its stake in shares of Townsquare Media by 4.0% in the third quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after purchasing an additional 6,800 shares during the last quarter. Rhumbline Advisers lifted its holdings 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 purchasing an additional 2,481 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position 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 valued at $68,000 after buying an additional 1,503 shares during the last quarter. 71.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TSQ. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Townsquare Media in a research note on Thursday, November 7th.

Townsquare Media Trading Up 2.3 %

Shares of Townsquare Media stock opened at $9.38 on Friday. The business’s fifty day simple moving average is $9.75 and its 200 day simple moving average is $10.27. Townsquare Media, Inc. has a 12 month low of $8.70 and a 12 month high of $13.57. The firm has a market capitalization of $145.86 million, a P/E ratio of -3.46, a price-to-earnings-growth ratio of 0.52 and a beta of 1.31.

Townsquare Media Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be paid a $0.1975 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date of this dividend is Tuesday, January 21st. Townsquare Media’s payout ratio is -29.15%.

Insider Activity

In other Townsquare Media news, EVP Claire Marie Yenicay sold 5,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $9.65, for a total transaction of $48,250.00. Following the sale, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at $2,001,342.45. This represents a 2.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Msd Capital L. P sold 3,311 shares of Townsquare Media stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $10.32, for a total transaction of $34,169.52. Following the completion of the transaction, the insider now owns 1,515,516 shares of the company’s stock, valued at $15,640,125.12. The trade was a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,525 shares of company stock valued at $713,275 in the last three months. Company insiders own 34.90% 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.