Janney Montgomery Scott LLC grew its position in Townsquare Media, Inc. (NYSE:TSQ – Free Report) by 9.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,486 shares of the company’s stock after buying an additional 2,385 shares during the period. Janney Montgomery Scott LLC owned 0.15% of Townsquare Media worth $315,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Beck Mack & Oliver LLC increased its position in Townsquare Media by 3.5% during the 1st quarter. Beck Mack & Oliver LLC now owns 684,961 shares of the company’s stock valued at $5,480,000 after buying an additional 23,249 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Townsquare Media by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 536,140 shares of the company’s stock valued at $3,892,000 after purchasing an additional 6,590 shares during the last quarter. Gamco Investors INC. ET AL boosted its stake in Townsquare Media by 2.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 320,514 shares of the company’s stock worth $2,564,000 after purchasing an additional 7,682 shares in the last quarter. BlackRock Inc. grew its position in Townsquare Media by 14.6% during the 1st quarter. BlackRock Inc. now owns 221,426 shares of the company’s stock worth $2,832,000 after purchasing an additional 28,217 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Townsquare Media by 6.7% during the 1st quarter. Federated Hermes Inc. now owns 135,215 shares of the company’s stock valued at $1,082,000 after purchasing an additional 8,485 shares in the last quarter. Hedge funds and other institutional investors own 67.99% of the company’s stock.
Townsquare Media Stock Performance
TSQ opened at $8.70 on Friday. The firm has a 50 day moving average of $8.97 and a two-hundred day moving average of $9.94. The firm has a market capitalization of $144.12 million, a PE ratio of 4.97, a P/E/G ratio of 0.84 and a beta of 1.64. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 10.38. Townsquare Media, Inc. has a 12-month low of $7.05 and a 12-month high of $12.65.
Townsquare Media Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, October 2nd were issued a dividend of $0.188 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.64%. The ex-dividend date was Friday, September 29th. Townsquare Media’s payout ratio is 42.86%.
Wall Street Analyst Weigh In
TSQ has been the topic of a number of research analyst reports. StockNews.com started coverage on shares of Townsquare Media in a report on Thursday, October 5th. They set a “hold” rating on the stock. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Townsquare Media in a research report on Friday, August 11th.
Insider Buying and Selling at Townsquare Media
In related news, Director David Lebow sold 5,457 shares of Townsquare Media stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $9.42, for a total transaction of $51,404.94. Following the transaction, the director now owns 74,208 shares in the company, valued at $699,039.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders sold 14,855 shares of company stock worth $142,673. 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 various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services.
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