Shufro Rose & Co. LLC Grows Position in Townsquare Media Inc (NYSE:TSQ)

Shufro Rose & Co. LLC lifted its holdings in shares of Townsquare Media Inc (NYSE:TSQ) by 1.7% in the second quarter, HoldingsChannel.com reports. The firm owned 172,216 shares of the company’s stock after acquiring an additional 2,900 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Townsquare Media were worth $927,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. NJ State Employees Deferred Compensation Plan purchased a new position in Townsquare Media during the 1st quarter valued at about $57,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Townsquare Media by 28.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,898 shares of the company’s stock valued at $148,000 after acquiring an additional 5,800 shares during the period. Northern Trust Corp boosted its holdings in Townsquare Media by 79.8% during the 4th quarter. Northern Trust Corp now owns 38,589 shares of the company’s stock valued at $157,000 after acquiring an additional 17,132 shares during the period. Boyar Asset Management Inc. boosted its holdings in Townsquare Media by 71.1% during the 1st quarter. Boyar Asset Management Inc. now owns 42,284 shares of the company’s stock valued at $242,000 after acquiring an additional 17,573 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in Townsquare Media by 73.7% during the 4th quarter. Squarepoint Ops LLC now owns 49,131 shares of the company’s stock valued at $200,000 after acquiring an additional 20,842 shares during the period. Institutional investors and hedge funds own 41.72% of the company’s stock.

Separately, Zacks Investment Research upgraded Townsquare Media from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 16th.

Townsquare Media stock traded up $0.02 during midday trading on Friday, reaching $5.51. 13,232 shares of the stock traded hands, compared to its average volume of 16,359. The business has a 50-day simple moving average of $5.42. Townsquare Media Inc has a 12-month low of $3.95 and a 12-month high of $9.79. The firm has a market capitalization of $104.00 million, a price-to-earnings ratio of 5.04, a PEG ratio of 0.48 and a beta of 1.83. The company has a debt-to-equity ratio of 1.79, a quick ratio of 2.02 and a current ratio of 2.02.

Townsquare Media (NYSE:TSQ) last announced its earnings results on Tuesday, May 7th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Townsquare Media had a positive return on equity of 8.52% and a negative net margin of 2.43%. The company had revenue of $93.68 million during the quarter, compared to analysts’ expectations of $92.72 million. On average, analysts expect that Townsquare Media Inc will post 0.95 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date is Thursday, June 27th. Townsquare Media’s dividend payout ratio (DPR) is 29.13%.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. The company provides advertising and marketing 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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