Millennium Management LLC Purchases 52,299 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Millennium Management LLC grew its stake in shares of Townsquare Media, Inc. (NYSE:TSQ - Free Report) by 129.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 92,557 shares of the company's stock after purchasing an additional 52,299 shares during the quarter. Millennium Management LLC owned approximately 0.60% of Townsquare Media worth $841,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TSQ. Marshall Wace LLP bought a new position in shares of Townsquare Media during the 4th quarter valued at about $369,000. Northern Trust Corp lifted its position in shares of Townsquare Media by 25.1% during the 4th 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. Gamco Investors INC. ET AL boosted its stake in shares of Townsquare Media by 7.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 353,507 shares of the company's stock worth $3,213,000 after acquiring an additional 23,200 shares in the last quarter. Trexquant Investment LP raised its position in shares of Townsquare Media by 122.8% during the fourth quarter. Trexquant Investment LP now owns 28,353 shares of the company's stock worth $258,000 after purchasing an additional 15,628 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of Townsquare Media by 1.3% during the fourth quarter. American Century Companies Inc. now owns 699,787 shares of the company's stock valued at $6,361,000 after purchasing an additional 9,292 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Townsquare Media Stock Performance

Shares of NYSE TSQ traded up $0.16 during mid-day trading on Friday, hitting $7.16. 87,440 shares of the stock were exchanged, compared to its average volume of 61,278. Townsquare Media, Inc. has a twelve month low of $6.47 and a twelve month high of $12.32. The stock's fifty day simple moving average is $6.98 and its two-hundred day simple moving average is $8.36. The company has a market cap of $117.13 million, a P/E ratio of -2.64, a PEG ratio of 0.58 and a beta of 1.11.

Townsquare Media (NYSE:TSQ - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, meeting analysts' consensus estimates of ($0.05). Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. The company had revenue of $98.68 million for the quarter, compared to analyst estimates of $98.50 million. As a group, equities research analysts predict that Townsquare Media, Inc. will post 1.07 earnings per share for the current fiscal year.

Townsquare Media Announces Dividend

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

Insider Activity

In other Townsquare Media news, COO Erik Hellum sold 17,305 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $7.00, for a total value of $121,135.00. Following the transaction, the chief operating officer now directly owns 741,643 shares of the company's stock, valued at $5,191,501. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 30.50% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on TSQ shares. Noble Financial reiterated a "buy" rating and issued a $21.00 target price on shares of Townsquare Media in a report on Friday, May 9th. Barrington Research decreased their price objective on shares of Townsquare Media from $15.00 to $13.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Finally, Wall Street Zen downgraded shares of Townsquare Media from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.

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.