Algert Global LLC Has $1.43 Million Holdings in Townsquare Media Inc (TSQ)

Algert Global LLC reduced its position in Townsquare Media Inc (NYSE:TSQ) by 16.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,015 shares of the company’s stock after selling 34,766 shares during the quarter. Algert Global LLC owned about 0.97% of Townsquare Media worth $1,433,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC purchased a new position in Townsquare Media in the second quarter worth $1,637,000. Teton Advisors Inc. grew its holdings in Townsquare Media by 24.9% in the second quarter. Teton Advisors Inc. now owns 125,007 shares of the company’s stock worth $809,000 after purchasing an additional 24,923 shares during the last quarter. Bridgeway Capital Management Inc. grew its holdings in Townsquare Media by 4.4% in the third quarter. Bridgeway Capital Management Inc. now owns 436,800 shares of the company’s stock worth $3,420,000 after purchasing an additional 18,500 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Townsquare Media by 26.3% in the second quarter. Dimensional Fund Advisors LP now owns 488,076 shares of the company’s stock worth $3,158,000 after purchasing an additional 101,534 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in Townsquare Media in the second quarter worth $170,000. 43.78% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Stephen A. Kaplan acquired 10,000 shares of the stock in a transaction dated Thursday, November 8th. The stock was acquired at an average cost of $6.40 per share, for a total transaction of $64,000.00. Following the completion of the purchase, the director now owns 22,135 shares of the company’s stock, valued at approximately $141,664. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 26.70% of the company’s stock.

NYSE:TSQ opened at $5.89 on Friday. Townsquare Media Inc has a 12 month low of $5.76 and a 12 month high of $9.79. The company has a debt-to-equity ratio of 1.55, a current ratio of 2.27 and a quick ratio of 2.27. The firm has a market cap of $110.63 million, a PE ratio of 7.96, a P/E/G ratio of 1.58 and a beta of 1.35.

Townsquare Media (NYSE:TSQ) last posted its quarterly earnings data on Tuesday, November 6th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). Townsquare Media had a positive return on equity of 6.11% and a negative net margin of 9.68%. The company had revenue of $114.07 million for the quarter, compared to analyst estimates of $112.59 million. On average, equities analysts predict that Townsquare Media Inc will post 0.82 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, December 27th will be paid a dividend of $0.075 per share. The ex-dividend date is Wednesday, December 26th. This represents a $0.30 annualized dividend and a dividend yield of 5.09%. Townsquare Media’s payout ratio is currently 40.54%.

Several equities analysts have issued reports on TSQ shares. Noble Financial reaffirmed a “buy” rating on shares of Townsquare Media in a report on Wednesday, October 17th. Zacks Investment Research raised shares of Townsquare Media from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Wednesday, August 15th. Finally, ValuEngine raised shares of Townsquare Media from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.75.

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Townsquare Media Profile

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

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Institutional Ownership by Quarter for Townsquare Media (NYSE:TSQ)

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