Dimensional Fund Advisors LP Reduces Position in Townsquare Media, Inc. (NYSE:TSQ)

Dimensional Fund Advisors LP reduced its holdings in Townsquare Media, Inc. (NYSE:TSQ - Free Report) by 42.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 166,852 shares of the company's stock after selling 122,345 shares during the period. Dimensional Fund Advisors LP owned approximately 1.07% of Townsquare Media worth $1,517,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Marshall Wace LLP acquired a new position in Townsquare Media during the 4th quarter worth about $369,000. Gamco Investors INC. ET AL lifted its stake in Townsquare Media by 7.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 353,507 shares of the company's stock valued at $3,213,000 after buying an additional 23,200 shares during the period. Gabelli Funds LLC boosted its stake in Townsquare Media by 5.9% during the 4th quarter. Gabelli Funds LLC now owns 54,000 shares of the company's stock worth $491,000 after acquiring an additional 3,000 shares during the last quarter. Barclays PLC grew its holdings in shares of Townsquare Media by 14.8% in the 4th quarter. Barclays PLC now owns 43,251 shares of the company's stock valued at $393,000 after buying an additional 5,566 shares during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Townsquare Media by 1,086.0% during the fourth quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company's stock worth $76,000 after purchasing an additional 7,700 shares during the period. Institutional investors own 71.69% of the company's stock.

Townsquare Media Stock Down 3.2%

Townsquare Media stock opened at $6.69 on Thursday. The company has a market capitalization of $107.79 million, a PE ratio of -2.47, a PEG ratio of 0.58 and a beta of 1.08. Townsquare Media, Inc. has a 12-month low of $6.47 and a 12-month high of $12.32. The firm's fifty day moving average is $7.27 and its 200 day moving average is $8.61.

Townsquare Media (NYSE:TSQ - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.05) EPS for the quarter, meeting analysts' consensus estimates of ($0.05). The business had revenue of $98.68 million during the quarter, compared to analyst estimates of $98.50 million. Townsquare Media had a negative net margin of 8.84% and a negative return on equity of 57.10%. Sell-side analysts expect that Townsquare Media, Inc. will post 1.07 EPS for the current fiscal year.

Townsquare Media Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, July 18th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 11.96%. The ex-dividend date is Friday, July 18th. Townsquare Media's dividend payout ratio (DPR) is presently -60.15%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barrington Research cut their price target on Townsquare Media from $15.00 to $13.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Noble Financial restated a "buy" rating and set a $21.00 price objective on shares of Townsquare Media in a research note on Friday, May 9th. Finally, StockNews.com downgraded Townsquare Media from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th.

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.