Renaissance Technologies LLC Has $5.29 Million Stock Position in Townsquare Media, Inc. (NYSE:TSQ)

Renaissance Technologies LLC raised its position in Townsquare Media, Inc. (NYSE:TSQ) by 3.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 482,352 shares of the company’s stock after acquiring an additional 17,900 shares during the period. Renaissance Technologies LLC owned approximately 3.19% of Townsquare Media worth $5,287,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its holdings in shares of Townsquare Media by 17.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 38,891 shares of the company’s stock worth $411,000 after purchasing an additional 5,852 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Townsquare Media by 5.1% in the fourth quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock valued at $655,000 after buying an additional 3,000 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Townsquare Media by 8.0% in the first quarter. Empowered Funds LLC now owns 64,125 shares of the company’s stock valued at $704,000 after buying an additional 4,725 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 valued at $6,627,000 after buying an additional 12,073 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased 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 in the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Townsquare Media Stock Down 1.2 %

TSQ opened at $10.09 on Friday. Townsquare Media, Inc. has a fifty-two week low of $8.00 and a fifty-two week high of $13.57. The firm has a market capitalization of $155.29 million, a P/E ratio of -3.97, a PEG ratio of 0.88 and a beta of 1.36. The company’s 50-day moving average is $10.64 and its 200 day moving average is $11.09. The company has a debt-to-equity ratio of 271.80, a current ratio of 1.36 and a quick ratio of 1.36.

Townsquare Media (NYSE:TSQ) last posted 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 return on equity of 171.57% and a negative net margin of 19.53%. The firm had revenue of $118.23 million for the quarter, compared to the consensus estimate of $117.99 million. Research analysts expect that Townsquare Media, Inc. will post 0.97 earnings per share for the current fiscal year.

Townsquare Media Cuts Dividend

The firm also recently declared 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. The ex-dividend date is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a yield of 7.83%. Townsquare Media’s dividend payout ratio (DPR) is currently -31.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com downgraded Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Townsquare Media in a research report on Monday, August 12th.

Insiders Place Their Bets

In other Townsquare Media news, Director Stephen A. Kaplan bought 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 directly owns 137,808 shares in the company, valued at approximately $1,434,581.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Stephen A. Kaplan bought 50,000 shares of Townsquare Media 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 directly owns 137,808 shares of the company’s stock, valued at $1,434,581.28. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Erik Hellum sold 9,223 shares of Townsquare Media stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $10.30, for a total transaction of $94,996.90. Following the completion of the sale, the chief operating officer now directly owns 607,680 shares in the company, valued at approximately $6,259,104. The disclosure for this sale can be found here. Insiders own 30.50% of the company’s stock.

Townsquare Media Company 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.