Dimensional Fund Advisors LP Has $4.08 Million Holdings in Townsquare Media, Inc. (NYSE:TSQ)

Dimensional Fund Advisors LP cut its stake in shares of Townsquare Media, Inc. (NYSE:TSQ - Free Report) by 25.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,592 shares of the company's stock after selling 129,802 shares during the period. Dimensional Fund Advisors LP owned approximately 2.46% of Townsquare Media worth $4,083,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TSQ. Privium Fund Management UK Ltd acquired a new stake in Townsquare Media in the second quarter worth $232,000. Vanguard Group Inc. raised its stake 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 buying an additional 12,073 shares during the period. Virtu Financial LLC bought a new position in Townsquare Media during the first quarter worth about $124,000. O Shaughnessy Asset Management LLC lifted its holdings in 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Townsquare Media by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 160,469 shares of the company's stock valued at $1,759,000 after acquiring an additional 6,768 shares during the period. Institutional investors own 71.69% of the company's stock.

Townsquare Media Stock Up 1.5 %

Shares of Townsquare Media stock traded up $0.15 during trading on Thursday, reaching $10.23. The stock had a trading volume of 51,646 shares, compared to its average volume of 53,423. 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 company has a market capitalization of $157.44 million, a price-to-earnings ratio of -4.03, a P/E/G ratio of 0.89 and a beta of 1.35. The stock has a fifty day moving average price of $10.33 and a two-hundred day moving average price of $11.06. Townsquare Media, Inc. has a 52 week low of $8.00 and a 52 week high of $13.57.

Townsquare Media (NYSE:TSQ - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $118.23 million during the quarter, compared to the consensus estimate of $117.99 million. Sell-side analysts predict that Townsquare Media, Inc. will post 0.97 EPS for the current fiscal year.

Townsquare Media Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.1975 per share. This represents a $0.79 annualized dividend and a yield of 7.72%. The ex-dividend date of this dividend is Tuesday, October 15th. Townsquare Media's payout ratio is -31.10%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TSQ shares. Barrington Research reiterated an "outperform" rating and set a $17.00 price objective on shares of Townsquare Media in a report on Monday, August 12th. StockNews.com lowered shares of Townsquare Media from a "buy" rating to a "hold" rating in a research note on Thursday, August 8th.

Insider Activity at Townsquare Media

In related news, Director Stephen A. Kaplan bought 50,000 shares of the company's stock in a transaction that occurred on Friday, September 20th. The shares were acquired at an average price of $10.41 per share, for a total transaction of $520,500.00. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. In other Townsquare Media news, COO Erik Hellum sold 18,166 shares of the company's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $10.05, for a total transaction of $182,568.30. Following the sale, the chief operating officer now directly owns 562,680 shares of the company's stock, valued at approximately $5,654,934. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Stephen A. Kaplan acquired 50,000 shares of the firm's stock in a transaction dated Friday, September 20th. The stock was purchased at an average cost of $10.41 per share, with a total value of $520,500.00. Following the transaction, the director now owns 137,808 shares in the company, valued at approximately $1,434,581.28. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 28,585 shares of company stock valued at $289,812. Corporate insiders own 30.50% of the company's stock.

About Townsquare Media

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.