Townsquare Media, Inc. (NYSE:TSQ) Shares Purchased by Krilogy Financial LLC

Krilogy Financial LLC lifted its position in Townsquare Media, Inc. (NYSE:TSQ) by 33.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Krilogy Financial LLC owned 0.26% of Townsquare Media worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in TSQ. Rhumbline Advisers lifted its position in Townsquare Media by 24.4% during the second quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock worth $139,000 after buying an additional 2,481 shares in the last quarter. Renaissance Technologies LLC lifted its position in Townsquare Media by 3.9% during the second quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock worth $5,287,000 after buying an additional 17,900 shares in the last quarter. Copeland Capital Management LLC purchased a new position in Townsquare Media during the third quarter worth approximately $39,000. BNP Paribas Financial Markets lifted its position in Townsquare Media by 28.9% during the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after buying an additional 1,503 shares in the last quarter. Finally, State Street Corp lifted its position in Townsquare Media by 4.0% during the third quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after buying an additional 6,800 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Townsquare Media Stock Up 2.3 %

NYSE:TSQ opened at $9.38 on Monday. Townsquare Media, Inc. has a 52 week low of $8.70 and a 52 week high of $13.57. The company has a market capitalization of $145.86 million, a P/E ratio of -3.46, a P/E/G ratio of 0.52 and a beta of 1.31. The stock’s fifty day moving average is $9.75 and its two-hundred day moving average is $10.26.

Townsquare Media Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Tuesday, January 21st will be given a $0.1975 dividend. The ex-dividend date 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 currently -29.15%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Townsquare Media

In related news, major shareholder Msd Capital L. P sold 3,311 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $10.32, for a total value of $34,169.52. Following the sale, the insider now owns 1,515,516 shares in the company, valued at approximately $15,640,125.12. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Claire Marie Yenicay sold 5,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.22, for a total value of $46,100.00. Following the completion of the sale, the executive vice president now owns 214,953 shares in the company, valued at $1,981,866.66. This represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,525 shares of company stock worth $713,275 over the last quarter. 34.90% of the stock is currently owned by company insiders.

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.