Two Sigma Investments LP Purchases 27,458 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Two Sigma Investments LP raised its position in shares of Townsquare Media, Inc. (NYSE:TSQ) by 77.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,859 shares of the company’s stock after acquiring an additional 27,458 shares during the quarter. Two Sigma Investments LP owned about 0.40% of Townsquare Media worth $571,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TSQ. Two Sigma Advisers LP boosted its position in Townsquare Media by 130.7% during the fourth quarter. Two Sigma Advisers LP now owns 103,600 shares of the company’s stock valued at $942,000 after acquiring an additional 58,700 shares during the last quarter. Millennium Management LLC boosted its position in Townsquare Media by 129.9% during the fourth quarter. Millennium Management LLC now owns 92,557 shares of the company’s stock valued at $841,000 after acquiring an additional 52,299 shares during the last quarter. Marshall Wace LLP bought a new stake in Townsquare Media during the fourth quarter valued at $369,000. Northern Trust Corp boosted its position in Townsquare Media by 25.1% during the fourth quarter. Northern Trust Corp now owns 144,847 shares of the company’s stock valued at $1,317,000 after acquiring an additional 29,019 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Townsquare Media by 7.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 353,507 shares of the company’s stock valued at $3,213,000 after acquiring an additional 23,200 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Trading Up 2.3%

Shares of NYSE TSQ opened at $7.16 on Monday. The firm’s 50-day moving average price is $6.98 and its 200-day moving average price is $8.34. Townsquare Media, Inc. has a 1-year low of $6.47 and a 1-year high of $12.32. The firm has a market capitalization of $117.13 million, a P/E ratio of -2.64, a P/E/G ratio of 0.58 and a beta of 1.11.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. The firm had revenue of $98.68 million for the quarter, compared to analyst estimates of $98.50 million. Equities research analysts forecast that Townsquare Media, Inc. will post 1.07 EPS for the current year.

Townsquare Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be issued a $0.20 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.17%. Townsquare Media’s dividend payout ratio is presently -60.15%.

Insider Buying and Selling

In related news, COO Erik Hellum sold 17,305 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $7.00, for a total value of $121,135.00. Following the sale, the chief operating officer now owns 741,643 shares in the company, valued at $5,191,501. This represents a 2.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 30.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TSQ. Barrington Research cut their price target on shares of Townsquare Media from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, May 9th. Noble Financial reaffirmed a “buy” rating and set a $21.00 price target on shares of Townsquare Media in a research report on Friday, May 9th. Finally, Wall Street Zen lowered shares of Townsquare Media from a “strong-buy” rating to a “hold” rating in a report on Friday, May 16th.

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.