Townsquare Media, Inc. (NYSE:TSQ) Shares Acquired by Krilogy Financial LLC

Krilogy Financial LLC raised its holdings in shares of Townsquare Media, Inc. (NYSE:TSQ) by 33.3% in the 4th quarter, HoldingsChannel reports. The fund owned 40,000 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Krilogy Financial LLC’s holdings in Townsquare Media were worth $364,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Copeland Capital Management LLC purchased a new stake in shares of Townsquare Media in the 3rd quarter valued at about $39,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 purchasing an additional 1,503 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Townsquare Media by 24.4% in the 2nd quarter. Rhumbline Advisers now owns 12,660 shares of the company’s stock valued at $139,000 after purchasing an additional 2,481 shares during the last quarter. 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 valued at $383,000 after purchasing an additional 14,109 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Townsquare Media by 4.0% in the 3rd quarter. State Street Corp now owns 177,163 shares of the company’s stock valued at $1,800,000 after purchasing an additional 6,800 shares during the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Claire Marie Yenicay sold 5,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $9.65, for a total value of $48,250.00. Following the transaction, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at approximately $2,001,342.45. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Msd Capital L. P sold 3,311 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $10.32, for a total value of $34,169.52. Following the completion of the transaction, the insider now directly owns 1,515,516 shares in the company, valued at $15,640,125.12. This trade represents a 0.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 71,525 shares of company stock valued at $713,275 in the last quarter. 34.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TSQ has been the subject of several research reports. StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research note on Thursday, November 7th.

Townsquare Media Price Performance

TSQ opened at $9.38 on Monday. The stock has a market cap of $145.86 million, a P/E ratio of -3.46, a P/E/G ratio of 0.52 and a beta of 1.31. The stock’s 50 day simple moving average is $9.75 and its 200 day simple moving average is $10.26. Townsquare Media, Inc. has a 1-year low of $8.70 and a 1-year high of $13.57.

Townsquare Media Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Tuesday, January 21st will be given a dividend of $0.1975 per share. The ex-dividend date is Tuesday, January 21st. This represents a $0.79 dividend on an annualized basis and a yield of 8.42%. Townsquare Media’s dividend payout ratio (DPR) is currently -29.15%.

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.