Pekin Singer Strauss Asset Management IL Sells 150 Shares of The Joint Corp. (JYNT)
Pekin Singer Strauss Asset Management IL decreased its position in The Joint Corp. (NASDAQ:JYNT) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 71,519 shares of the company’s stock after selling 150 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in The Joint Corp. were worth $272,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in shares of The Joint Corp. during the fourth quarter worth $171,000. Boston Partners increased its stake in shares of The Joint Corp. by 13.1% in the second quarter. Boston Partners now owns 150,900 shares of the company’s stock worth $573,000 after buying an additional 17,500 shares in the last quarter. Skylands Capital LLC increased its stake in shares of The Joint Corp. by 4.1% in the first quarter. Skylands Capital LLC now owns 565,229 shares of the company’s stock worth $2,374,000 after buying an additional 22,500 shares in the last quarter. Sanders Morris Harris LLC increased its stake in shares of The Joint Corp. by 0.5% in the second quarter. Sanders Morris Harris LLC now owns 2,619,807 shares of the company’s stock worth $9,955,000 after buying an additional 12,000 shares in the last quarter. Finally, Sanders Morris Harris Inc. increased its stake in shares of The Joint Corp. by 0.3% in the first quarter. Sanders Morris Harris Inc. now owns 2,607,807 shares of the company’s stock worth $10,952,000 after buying an additional 7,200 shares in the last quarter. Hedge funds and other institutional investors own 45.91% of the company’s stock.
Shares of The Joint Corp. (NASDAQ JYNT) opened at 3.78 on Friday. The firm has a 50 day moving average price of $3.75 and a 200-day moving average price of $3.86. The firm’s market cap is $49.76 million. The Joint Corp. has a one year low of $1.96 and a one year high of $4.74.
The Joint Corp. (NASDAQ:JYNT) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $6.02 million for the quarter, compared to analysts’ expectations of $5.76 million. The Joint Corp. had a negative net margin of 48.08% and a negative return on equity of 91.79%. Analysts forecast that The Joint Corp. will post ($0.35) earnings per share for the current year.
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A number of brokerages have weighed in on JYNT. Maxim Group reaffirmed a “buy” rating and issued a $7.00 target price on shares of The Joint Corp. in a report on Friday. Roth Capital began coverage on The Joint Corp. in a report on Thursday, July 27th. They issued a “buy” rating and a $5.70 target price on the stock. Craig Hallum began coverage on The Joint Corp. in a report on Wednesday, June 14th. They issued a “buy” rating and a $5.75 target price on the stock. ValuEngine raised The Joint Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Finally, Zacks Investment Research downgraded The Joint Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, May 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $5.61.
In other news, CFO John P. Meloun purchased 6,850 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were purchased at an average price of $3.69 per share, with a total value of $25,276.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Amos, Jr. purchased 10,000 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was purchased at an average cost of $3.85 per share, for a total transaction of $38,500.00. Following the acquisition, the director now owns 57,295 shares of the company’s stock, valued at approximately $220,585.75. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 20,670 shares of company stock worth $78,140. Insiders own 6.10% of the company’s stock.
The Joint Corp. Company Profile
The Joint Corp. develops, owns, operates, supports and manages chiropractic clinics through direct ownership, management arrangements, franchising and the sale of regional developer rights throughout the United States. The Company is franchisor and operator of chiropractic clinics. The Company offers its patients the opportunity to visit its clinics without an appointment and receive prompt attention.
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