Hillsdale Investment Management Inc. Increases Stake in Townsquare Media, Inc. (NYSE:TSQ)

Hillsdale Investment Management Inc. grew its position in Townsquare Media, Inc. (NYSE:TSQ) by 47.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,200 shares of the company’s stock after buying an additional 8,700 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.17% of Townsquare Media worth $247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 1,503 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in Townsquare Media in the 4th quarter worth about $69,000. Krilogy Financial LLC raised its position in Townsquare Media by 33.3% in the 4th quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock worth $364,000 after buying an additional 10,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $370,000 after acquiring an additional 3,319 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Townsquare Media by 59.8% during the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock valued at $383,000 after acquiring an additional 14,109 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. StockNews.com downgraded shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Barrington Research reissued an “outperform” rating and set a $15.00 price target on shares of Townsquare Media in a report on Tuesday, March 18th. Finally, Noble Financial reaffirmed an “outperform” rating and issued a $21.00 price objective on shares of Townsquare Media in a report on Friday, January 24th.

Townsquare Media Trading Up 1.1 %

TSQ opened at $8.07 on Tuesday. Townsquare Media, Inc. has a 12-month low of $7.56 and a 12-month high of $13.57. The company has a market cap of $130.00 million, a price-to-earnings ratio of -2.98, a PEG ratio of 0.58 and a beta of 1.33. The company’s 50 day moving average is $8.65 and its 200 day moving average is $9.49.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Monday, March 17th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting 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 firm had revenue of $117.81 million during the quarter, compared to the consensus estimate of $116.41 million. During the same quarter in the previous year, the firm posted $0.34 EPS. As a group, analysts predict that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be paid a $0.20 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.80 annualized dividend and a dividend yield of 9.92%. This is an increase from Townsquare Media’s previous quarterly dividend of $0.20. Townsquare Media’s dividend payout ratio (DPR) is -69.57%.

Insider Activity

In other news, EVP Scott Schatz sold 4,594 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $9.65, for a total value of $44,332.10. Following the transaction, the executive vice president now directly owns 31,366 shares in the company, valued at $302,681.90. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claire Marie Yenicay sold 5,000 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $9.22, for a total value of $46,100.00. Following the completion of the transaction, the executive vice president now directly owns 214,953 shares of the company’s stock, valued at approximately $1,981,866.66. This trade represents a 2.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 30.50% of the company’s stock.

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.