Townsquare Media (NYSE:TSQ) Earns Outperform Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Townsquare Media (NYSE:TSQ) in a research report released on Friday, Benzinga reports. They currently have a $17.00 target price on the stock.

Townsquare Media Stock Up 4.8 %

Shares of TSQ traded up $0.51 during trading on Friday, reaching $11.08. The company’s stock had a trading volume of 87,150 shares, compared to its average volume of 40,392. The company has a market cap of $182.38 million, a price-to-earnings ratio of -4.62, a P/E/G ratio of 0.58 and a beta of 1.37. The company has a fifty day moving average of $10.70 and a two-hundred day moving average of $9.90. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 40.14. Townsquare Media has a twelve month low of $7.89 and a twelve month high of $12.65.

Townsquare Media Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, April 5th will be given a dividend of $0.198 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date is Thursday, April 4th. This is an increase from Townsquare Media’s previous quarterly dividend of $0.19. Townsquare Media’s dividend payout ratio is currently -31.25%.

Insider Buying and Selling

In related news, COO Erik Hellum sold 3,085 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $10.79, for a total value of $33,287.15. Following the sale, the chief operating officer now owns 691,558 shares of the company’s stock, valued at approximately $7,461,910.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 44,468 shares of company stock valued at $486,043. Insiders own 30.50% of the company’s stock.

Institutional Investors Weigh In On Townsquare Media

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in Townsquare Media by 169.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,597 shares of the company’s stock worth $33,000 after acquiring an additional 2,890 shares in the last quarter. Group One Trading L.P. bought a new stake in shares of Townsquare Media in the 1st quarter worth approximately $40,000. Citigroup Inc. bought a new stake in shares of Townsquare Media in the 2nd quarter worth approximately $41,000. California State Teachers Retirement System bought a new stake in shares of Townsquare Media in the 2nd quarter worth approximately $46,000. Finally, BNP Paribas Arbitrage SNC bought a new position in shares of Townsquare Media in the second quarter valued at $63,000. 67.99% of the stock is currently owned by institutional investors.

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 various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services.