Teton Advisors Inc. Sells 6,000 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Teton Advisors Inc. decreased its holdings in Townsquare Media, Inc. (NYSE:TSQ) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,000 shares of the company’s stock after selling 6,000 shares during the period. Teton Advisors Inc. owned about 0.87% of Townsquare Media worth $1,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mackenzie Financial Corp bought a new stake in shares of Townsquare Media in the fourth quarter worth $107,000. Exchange Traded Concepts LLC bought a new stake in shares of Townsquare Media in the third quarter worth $164,000. Bailard Inc. bought a new stake in shares of Townsquare Media in the fourth quarter worth $247,000. Ritholtz Wealth Management grew its holdings in shares of Townsquare Media by 49.9% in the fourth quarter. Ritholtz Wealth Management now owns 24,131 shares of the company’s stock worth $255,000 after acquiring an additional 8,035 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Townsquare Media by 24.7% in the third quarter. Janney Montgomery Scott LLC now owns 33,039 shares of the company’s stock worth $288,000 after acquiring an additional 6,553 shares during the period. Institutional investors own 71.69% of the company’s stock.

Insider Activity

In other news, CEO Bill Wilson sold 391,420 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $12.36, for a total value of $4,837,951.20. Following the transaction, the chief executive officer now directly owns 2,139,135 shares in the company, valued at $26,439,708.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Bill Wilson sold 391,420 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $12.36, for a total transaction of $4,837,951.20. Following the completion of the transaction, the chief executive officer now directly owns 2,139,135 shares of the company’s stock, valued at $26,439,708.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Erik Hellum sold 3,380 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $11.03, for a total value of $37,281.40. Following the transaction, the chief operating officer now directly owns 736,736 shares of the company’s stock, valued at $8,126,198.08. The disclosure for this sale can be found here. Insiders have sold 2,886,934 shares of company stock worth $35,653,276 over the last ninety days. Corporate insiders own 34.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TSQ. Guggenheim lifted their price objective on Townsquare Media from $12.00 to $12.50 and gave the stock a “buy” rating in a report on Wednesday, March 20th. Noble Financial lifted their target price on Townsquare Media from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Barrington Research reiterated an “outperform” rating and set a $17.00 target price on shares of Townsquare Media in a research report on Tuesday, April 2nd. Finally, StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a research report on Friday, April 19th.

Townsquare Media Stock Performance

NYSE TSQ traded down $0.16 on Tuesday, hitting $12.03. 39,398 shares of the company traded hands, compared to its average volume of 54,728. The business’s 50 day moving average price is $11.41 and its 200-day moving average price is $10.53. Townsquare Media, Inc. has a 52-week low of $8.00 and a 52-week high of $13.57. The company has a market capitalization of $200.06 million, a price-to-earnings ratio of -4.39, a P/E/G ratio of 0.66 and a beta of 1.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 50.41.

Townsquare Media (NYSE:TSQ) last announced its quarterly earnings data on Friday, March 15th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.26 by $0.08. Townsquare Media had a positive return on equity of 55.40% and a negative net margin of 9.90%. The business had revenue of $114.79 million for the quarter, compared to the consensus estimate of $111.78 million. Equities analysts expect that Townsquare Media, Inc. will post 1.54 earnings per share for the current year.

Townsquare Media Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 5th will be given a $0.198 dividend. This represents a $0.79 annualized dividend and a dividend yield of 6.58%. This is an increase from Townsquare Media’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, April 4th. Townsquare Media’s payout ratio is presently -28.83%.

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.