Hillsdale Investment Management Inc. Buys 8,700 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Hillsdale Investment Management Inc. grew its stake in Townsquare Media, Inc. (NYSE:TSQ) by 47.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 27,200 shares of the company’s stock after purchasing an additional 8,700 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Townsquare Media were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Barclays PLC lifted its holdings in shares of Townsquare Media by 59.8% in the 3rd quarter. Barclays PLC now owns 37,685 shares of the company’s stock worth $383,000 after buying an additional 14,109 shares during the period. Krilogy Financial LLC increased its stake in shares of Townsquare Media by 33.3% during the fourth quarter. Krilogy Financial LLC now owns 40,000 shares of the company’s stock valued at $364,000 after buying an additional 10,000 shares during the period. American Century Companies Inc. raised its holdings in shares of Townsquare Media by 1.3% in the fourth quarter. American Century Companies Inc. now owns 699,787 shares of the company’s stock valued at $6,361,000 after acquiring an additional 9,292 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in Townsquare Media in the fourth quarter worth about $69,000. Finally, State Street Corp grew its holdings in Townsquare Media by 4.0% during the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock worth $1,800,000 after acquiring an additional 6,800 shares in the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Townsquare Media Stock Up 1.1 %

NYSE TSQ opened at $8.07 on Tuesday. Townsquare Media, Inc. has a 52 week low of $7.56 and a 52 week high of $13.57. The company has a 50 day moving average price of $8.65 and a 200 day moving average price of $9.49. The firm has a market cap of $130.00 million, a PE ratio of -2.98, a price-to-earnings-growth ratio of 0.58 and a beta of 1.33.

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

Townsquare Media Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be paid a dividend of $0.20 per share. This is a positive change from Townsquare Media’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.92%. Townsquare Media’s payout ratio is presently -69.57%.

Wall Street Analyst Weigh In

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

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.