Wealthfront Advisers LLC Buys Shares of 7,578 Townsquare Media, Inc. (NYSE:TSQ)

Wealthfront Advisers LLC bought a new stake in shares of Townsquare Media, Inc. (NYSE:TSQ) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 7,578 shares of the company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TSQ. BNP Paribas Financial Markets increased its position in shares of Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after buying an additional 1,503 shares in the last quarter. Barclays PLC increased its holdings in Townsquare Media by 59.8% during the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after purchasing an additional 14,109 shares in the last quarter. Krilogy Financial LLC increased its holdings in Townsquare Media by 33.3% during the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock worth $364,000 after purchasing an additional 10,000 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Townsquare Media by 8.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 40,730 shares of the company’s stock worth $370,000 after purchasing an additional 3,319 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in Townsquare Media by 5.2% during the 4th quarter. Empowered Funds LLC now owns 56,634 shares of the company’s stock worth $515,000 after purchasing an additional 2,804 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.

Insider Activity at Townsquare Media

In other news, EVP Scott Schatz sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $9.64, for a total transaction of $48,200.00. Following the transaction, the executive vice president now directly owns 38,068 shares of the company’s stock, valued at approximately $366,975.52. This trade represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 19,594 shares of company stock worth $186,882. Insiders own 30.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TSQ. Barrington Research reiterated an “outperform” rating and set a $15.00 target price on shares of Townsquare Media in a report on Tuesday. Noble Financial reiterated an “outperform” rating and set a $21.00 target price on shares of Townsquare Media in a report on Friday, January 24th.

Townsquare Media Price Performance

Townsquare Media stock opened at $8.03 on Wednesday. The firm has a 50-day moving average of $8.75 and a 200-day moving average of $9.55. Townsquare Media, Inc. has a one year low of $7.56 and a one year high of $13.57. The company has a market cap of $124.76 million, a price-to-earnings ratio of -2.96, a P/E/G ratio of 0.58 and a beta of 1.33.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Monday, March 17th. The company reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. The company had revenue of $117.81 million during the quarter, compared to the consensus estimate of $116.41 million. During the same period in the prior year, the business posted $0.34 EPS. As a group, sell-side analysts expect that Townsquare Media, Inc. will post 1.07 earnings per share for the current year.

Townsquare Media Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 17th will be paid a $0.20 dividend. This is an increase from Townsquare Media’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a yield of 9.97%. The ex-dividend date of this dividend is Thursday, April 17th. Townsquare Media’s dividend payout ratio (DPR) is -29.15%.

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.