40,608 Shares in Townsquare Media, Inc. (NYSE:TSQ) Purchased by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of Townsquare Media, Inc. (NYSE:TSQ - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 40,608 shares of the company's stock, valued at approximately $369,000. Marshall Wace LLP owned approximately 0.26% of Townsquare Media at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Townsquare Media by 59.8% in the 3rd quarter. Barclays PLC now owns 37,685 shares of the company's stock valued at $383,000 after purchasing an additional 14,109 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Townsquare Media by 0.4% during the third quarter. Geode Capital Management LLC now owns 278,985 shares of the company's stock worth $2,835,000 after purchasing an additional 1,151 shares in the last quarter. Krilogy Financial LLC lifted its stake in shares of Townsquare Media by 33.3% in the fourth quarter. Krilogy Financial LLC now owns 40,000 shares of the company's stock worth $364,000 after buying an additional 10,000 shares in the last quarter. Empowered Funds LLC grew its stake in Townsquare Media by 5.2% during the 4th quarter. Empowered Funds LLC now owns 56,634 shares of the company's stock valued at $515,000 after acquiring an additional 2,804 shares in the last quarter. Finally, Access Investment Management LLC raised its holdings in Townsquare Media by 0.5% in the 4th quarter. Access Investment Management LLC now owns 398,450 shares of the company's stock valued at $3,622,000 after acquiring an additional 1,985 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company's stock.

Townsquare Media Price Performance

Shares of TSQ stock traded up $0.09 during trading on Friday, reaching $7.19. The company's stock had a trading volume of 29,312 shares, compared to its average volume of 63,482. The company has a market capitalization of $115.90 million, a price-to-earnings ratio of -2.65, a P/E/G ratio of 0.58 and a beta of 1.08. Townsquare Media, Inc. has a 1-year low of $6.47 and a 1-year high of $12.32. The stock's 50-day moving average price is $7.42 and its 200 day moving average price is $8.80.

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

Townsquare Media Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Investors of record on Thursday, April 17th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 11.13%. The ex-dividend date was Thursday, April 17th. This is a positive change from Townsquare Media's previous quarterly dividend of $0.20. Townsquare Media's dividend payout ratio is currently -69.57%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TSQ. Barrington Research dropped their target price on Townsquare Media from $15.00 to $13.00 and set an "outperform" rating for the company in a report on Friday. StockNews.com upgraded shares of Townsquare Media from a "buy" rating to a "strong-buy" rating in a report on Thursday. Finally, Noble Financial restated an "outperform" rating and issued a $21.00 price objective on shares of Townsquare Media in a report on Friday, January 24th.

Townsquare Media Company 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.