Bailard Inc. Sells 2,558 Shares of Townsquare Media, Inc. (NYSE:TSQ)

Bailard Inc. lessened its position in Townsquare Media, Inc. (NYSE:TSQ) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,790 shares of the company’s stock after selling 2,558 shares during the quarter. Bailard Inc. owned 0.14% of Townsquare Media worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Access Investment Management LLC bought a new position in Townsquare Media in the fourth quarter valued at $4,156,000. Gabelli Funds LLC increased its stake in 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 acquiring an additional 3,000 shares during the last quarter. Vanguard Group Inc. increased its stake in Townsquare Media by 2.0% in the first quarter. Vanguard Group Inc. now owns 603,568 shares of the company’s stock valued at $6,627,000 after acquiring an additional 12,073 shares during the last quarter. Empowered Funds LLC increased its stake in 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 acquiring an additional 4,725 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Townsquare Media by 12.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 75,065 shares of the company’s stock valued at $824,000 after acquiring an additional 8,079 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Townsquare Media Stock Down 2.2 %

Shares of NYSE:TSQ opened at $10.55 on Wednesday. The stock’s 50-day moving average price is $10.95 and its 200-day moving average price is $11.20. Townsquare Media, Inc. has a 12-month low of $8.00 and a 12-month high of $13.57. The stock has a market capitalization of $162.36 million, a P/E ratio of -4.15, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80.

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 paid a $0.1975 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.79 annualized dividend and a dividend yield of 7.49%. Townsquare Media’s payout ratio is presently -31.10%.

Wall Street Analysts Forecast Growth

TSQ has been the topic of a number of recent research reports. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Townsquare Media in a research note on Monday, August 12th. StockNews.com cut Townsquare Media from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

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.