Townsquare Media, Inc. (NYSE:TSQ) Holdings Raised by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL grew its stake in shares of Townsquare Media, Inc. (NYSE:TSQ) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 353,507 shares of the company’s stock after acquiring an additional 23,200 shares during the period. Gamco Investors INC. ET AL owned 2.27% of Townsquare Media worth $3,213,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of Townsquare Media by 56.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock worth $57,000 after purchasing an additional 2,259 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Townsquare Media by 28.9% in the third quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock worth $68,000 after buying an additional 1,503 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in shares of Townsquare Media during the 4th quarter valued at about $69,000. Russell Investments Group Ltd. raised its stake in shares of Townsquare Media by 1,086.0% in the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock valued at $76,000 after acquiring an additional 7,700 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in Townsquare Media by 47.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock worth $247,000 after purchasing an additional 8,700 shares during the last quarter. 71.69% of the stock is owned by institutional investors and hedge funds.

Townsquare Media Trading Down 4.7 %

Shares of Townsquare Media stock opened at $6.94 on Friday. Townsquare Media, Inc. has a 1 year low of $6.75 and a 1 year high of $12.92. The company’s fifty day simple moving average is $8.02 and its 200-day simple moving average is $9.16. The company has a market cap of $111.79 million, a price-to-earnings ratio of -2.56, a PEG ratio of 0.58 and a beta of 1.01.

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

Townsquare Media Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be given a $0.20 dividend. 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 11.54%. This is an increase from Townsquare Media’s previous quarterly dividend of $0.20. Townsquare Media’s dividend payout ratio (DPR) is currently -69.57%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TSQ. Noble Financial restated an “outperform” rating and issued a $21.00 price objective on shares of Townsquare Media in a research note on Friday, January 24th. Barrington Research restated an “outperform” rating and set a $15.00 price target on shares of Townsquare Media in a report on Tuesday, March 18th. Finally, StockNews.com raised Townsquare Media from a “hold” rating to a “buy” rating in a research report on Thursday, March 27th.

Townsquare Media 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.