Copeland Capital Management LLC Acquires New Stake in Townsquare Media, Inc. (NYSE:TSQ)

Copeland Capital Management LLC acquired a new stake in Townsquare Media, Inc. (NYSE:TSQ) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,836 shares of the company’s stock, valued at approximately $39,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Privium Fund Management UK Ltd acquired a new stake in Townsquare Media during the 2nd quarter worth about $232,000. Renaissance Technologies LLC grew its holdings in Townsquare Media by 3.9% during the 2nd quarter. Renaissance Technologies LLC now owns 482,352 shares of the company’s stock worth $5,287,000 after acquiring an additional 17,900 shares during the period. Vanguard Group Inc. grew its holdings in Townsquare Media by 2.0% during the 1st 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 period. Virtu Financial LLC bought a new position in shares of Townsquare Media during the 1st quarter worth about $124,000. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Townsquare Media by 12.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock worth $824,000 after purchasing an additional 8,079 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Townsquare Media Stock Down 1.3 %

Townsquare Media stock opened at $10.01 on Wednesday. Townsquare Media, Inc. has a 1-year low of $8.00 and a 1-year high of $13.57. The firm has a market capitalization of $154.05 million, a price-to-earnings ratio of -1.78, a P/E/G ratio of 0.89 and a beta of 1.35. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. The firm has a 50 day simple moving average of $10.24 and a 200 day simple moving average of $10.99.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28). Townsquare Media had a negative net margin of 19.53% and a negative return on equity of 171.57%. The business had revenue of $118.23 million during the quarter, compared to analysts’ expectations of $117.99 million. On average, analysts predict that Townsquare Media, Inc. will post 0.97 earnings per share for the current year.

Townsquare Media Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date is Tuesday, October 15th. Townsquare Media’s dividend payout ratio is currently -14.08%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TSQ. Barrington Research reissued an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research report on Monday, August 12th. StockNews.com cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Insider Transactions at Townsquare Media

In related news, Director Stephen A. Kaplan acquired 50,000 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was bought at an average cost of $10.41 per share, with a total value of $520,500.00. Following the acquisition, the director now owns 137,808 shares of the company’s stock, valued at approximately $1,434,581.28. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Townsquare Media news, COO Erik Hellum sold 18,166 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $10.05, for a total value of $182,568.30. Following the completion of the sale, the chief operating officer now directly owns 562,680 shares of the company’s stock, valued at $5,654,934. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen A. Kaplan purchased 50,000 shares of the stock in a transaction on Friday, September 20th. The stock was acquired at an average cost of $10.41 per share, with a total value of $520,500.00. Following the completion of the purchase, the director now directly owns 137,808 shares of the company’s stock, valued at $1,434,581.28. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 28,585 shares of company stock valued at $289,812. 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.