Russell Investments Group Ltd. Increases Stake in Townsquare Media, Inc. (NYSE:TSQ)

Russell Investments Group Ltd. lifted its stake in Townsquare Media, Inc. (NYSE:TSQ) by 1,086.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,409 shares of the company’s stock after buying an additional 7,700 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.05% of Townsquare Media worth $76,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TSQ. Wells Fargo & Company MN lifted its stake in Townsquare Media by 56.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock worth $57,000 after purchasing an additional 2,259 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Townsquare Media during the fourth quarter valued at approximately $69,000. Hillsdale Investment Management Inc. grew its holdings in Townsquare Media by 47.0% during the 4th quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock valued at $247,000 after buying an additional 8,700 shares in the last quarter. Trexquant Investment LP grew its holdings in Townsquare Media by 122.8% during the 4th quarter. Trexquant Investment LP now owns 28,353 shares of the company’s stock valued at $258,000 after buying an additional 15,628 shares in the last quarter. Finally, Krilogy Financial LLC increased its stake in Townsquare Media by 33.3% in the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock worth $364,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Noble Financial reissued an “outperform” rating and issued a $21.00 target price on shares of Townsquare Media in a report on Friday, January 24th. Barrington Research restated an “outperform” rating and issued a $15.00 target price on shares of Townsquare Media in a report on Wednesday. Finally, StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Thursday, March 27th.

Townsquare Media Stock Down 0.3 %

Shares of TSQ opened at $6.69 on Friday. Townsquare Media, Inc. has a 52-week low of $6.58 and a 52-week high of $12.92. The company has a market cap of $107.84 million, a PE ratio of -2.47, a P/E/G ratio of 0.58 and a beta of 1.01. The business has a fifty day moving average of $7.76 and a 200 day moving average of $9.01.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings results on Monday, March 17th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $117.81 million during the quarter, compared to analysts’ expectations of $116.41 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. During the same period in the previous year, the company earned $0.34 EPS. As a group, research analysts anticipate that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 17th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.80 dividend on an annualized basis and a yield of 11.96%. This is a boost from Townsquare Media’s previous quarterly dividend of $0.20. Townsquare Media’s payout ratio is presently -69.57%.

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.