Barclays PLC Raises Stake in Townsquare Media, Inc. (NYSE:TSQ)

Barclays PLC raised its stake in shares of Townsquare Media, Inc. (NYSE:TSQ) by 59.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,685 shares of the company’s stock after buying an additional 14,109 shares during the quarter. Barclays PLC’s holdings in Townsquare Media were worth $383,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of Townsquare Media by 3.9% in the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock valued at $5,287,000 after acquiring an additional 17,900 shares during the period. State Street Corp lifted its stake in Townsquare Media by 4.0% in the 3rd 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 in the last quarter. Copeland Capital Management LLC bought a new position in Townsquare Media in the 3rd quarter valued at $39,000. Rhumbline Advisers boosted its holdings in Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after purchasing an additional 2,481 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Townsquare Media by 28.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after purchasing an additional 1,503 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a report on Thursday, November 7th.

Townsquare Media Price Performance

Shares of NYSE:TSQ opened at $9.38 on Friday. The company’s fifty day moving average price is $9.75 and its 200-day moving average price is $10.27. The firm has a market capitalization of $145.86 million, a price-to-earnings ratio of -3.46, a PEG ratio of 0.52 and a beta of 1.31. Townsquare Media, Inc. has a one year low of $8.70 and a one year high of $13.57.

Townsquare Media Dividend Announcement

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

Insider Buying and Selling at Townsquare Media

In related news, major shareholder Msd Capital L. P sold 6,257 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $10.01, for a total transaction of $62,632.57. Following the transaction, the insider now owns 1,506,641 shares of the company’s stock, valued at approximately $15,081,476.41. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Schatz sold 5,000 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $9.64, for a total transaction of $48,200.00. Following the completion of the sale, the executive vice president now directly owns 38,068 shares of the company’s stock, valued at $366,975.52. This represents a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 71,525 shares of company stock worth $713,275 over the last 90 days. Corporate insiders own 34.90% of the company’s stock.

About Townsquare Media

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.