Gamco Investors INC. ET AL Sells 8,540 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Gamco Investors INC. ET AL trimmed its stake in shares of Townsquare Media, Inc. (NYSE:TSQ) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354,307 shares of the company’s stock after selling 8,540 shares during the quarter. Gamco Investors INC. ET AL owned approximately 2.13% of Townsquare Media worth $3,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in TSQ. Access Investment Management LLC bought a new position in shares of Townsquare Media during the fourth quarter worth about $4,156,000. Bailard Inc. bought a new position in shares of Townsquare Media during the fourth quarter worth about $247,000. Vanguard Group Inc. raised its position in shares of Townsquare Media by 2.0% during the first quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock worth $6,627,000 after acquiring an additional 12,073 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Townsquare Media during the fourth quarter worth about $107,000. Finally, O Shaughnessy Asset Management LLC raised its position in shares of Townsquare Media by 12.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock worth $824,000 after acquiring an additional 8,079 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TSQ has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research report on Monday, July 15th. Noble Financial lifted their target price on Townsquare Media from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, StockNews.com upgraded Townsquare Media from a “hold” rating to a “buy” rating in a report on Friday, April 19th.

Townsquare Media Trading Up 0.5 %

TSQ stock traded up $0.06 during mid-day trading on Friday, reaching $12.03. The company’s stock had a trading volume of 41,965 shares, compared to its average volume of 70,564. The company has a market cap of $181.89 million, a price-to-earnings ratio of -4.74, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The business’s 50 day moving average price is $10.94 and its 200 day moving average price is $11.17. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 271.80. Townsquare Media, Inc. has a 12 month low of $8.00 and a 12 month high of $13.57.

Townsquare Media (NYSE:TSQ) last issued its earnings results on Thursday, May 9th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Townsquare Media had a positive return on equity of 98.45% and a negative net margin of 9.19%. The business had revenue of $99.63 million during the quarter, compared to the consensus estimate of $98.46 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. On average, equities research analysts predict that Townsquare Media, Inc. will post 1.41 EPS for the current year.

Townsquare Media Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Monday, July 15th will be paid a $0.198 dividend. The ex-dividend date is Monday, July 15th. This represents a $0.79 dividend on an annualized basis and a yield of 6.58%. Townsquare Media’s dividend payout ratio (DPR) is presently -31.10%.

Insider Buying and Selling at Townsquare Media

In other Townsquare Media news, CAO Robert L. Worshek sold 15,980 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $11.06, for a total value of $176,738.80. Following the completion of the sale, the chief accounting officer now owns 58,097 shares of the company’s stock, valued at $642,552.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 30.50% of the company’s stock.

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.