Key Points
- Charles Jobson, a major shareholder, bought 10,000 shares of The Joint Corp. at $8.41 on Dec. 5 (total $84,100), raising his stake to 1,615,027 shares (a 0.62% increase) per an SEC filing.
- The company posted an earnings surprise (EPS $0.02 vs. -$0.01 expected) on $13.38M revenue; the stock trades around $8.72 with a market cap of about $129.7M and a one‑year range of $7.50–$13.47.
- Institutional investors own roughly 76.88% of the shares and several funds have recently added positions, while analysts maintain a consensus "Hold" rating with a $17 target.
The Joint Corp. (NASDAQ:JYNT - Get Free Report) major shareholder Charles Jobson purchased 10,000 shares of the firm's stock in a transaction dated Friday, December 5th. The shares were bought at an average price of $8.41 per share, with a total value of $84,100.00. Following the purchase, the insider owned 1,615,027 shares in the company, valued at $13,582,377.07. The trade was a 0.62% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Joint Price Performance
NASDAQ:JYNT opened at $8.72 on Wednesday. The company has a market capitalization of $129.67 million, a P/E ratio of -145.31 and a beta of 1.30. The business has a fifty day simple moving average of $8.37 and a two-hundred day simple moving average of $10.06. The Joint Corp. has a 1 year low of $7.50 and a 1 year high of $13.47.
Joint (NASDAQ:JYNT - Get Free Report) last posted its quarterly earnings results on Friday, November 7th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.03. The company had revenue of $13.38 million during the quarter, compared to the consensus estimate of $13.36 million. Joint had a negative return on equity of 0.98% and a negative net margin of 1.78%. As a group, analysts anticipate that The Joint Corp. will post 0.11 earnings per share for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Nuveen LLC bought a new stake in Joint during the first quarter valued at approximately $860,000. Alta Fox Capital Management LLC purchased a new position in Joint in the first quarter worth $5,035,000. Russell Investments Group Ltd. increased its stake in Joint by 45.0% in the first quarter. Russell Investments Group Ltd. now owns 116,962 shares of the company's stock valued at $1,461,000 after acquiring an additional 36,319 shares during the last quarter. Topline Capital Management LLC increased its stake in Joint by 16.3% in the first quarter. Topline Capital Management LLC now owns 378,294 shares of the company's stock valued at $4,725,000 after acquiring an additional 52,956 shares during the last quarter. Finally, O Brien Greene & Co. Inc raised its position in Joint by 33.6% during the second quarter. O Brien Greene & Co. Inc now owns 166,460 shares of the company's stock valued at $1,921,000 after purchasing an additional 41,840 shares in the last quarter. Hedge funds and other institutional investors own 76.88% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the company. Weiss Ratings restated a "sell (e+)" rating on shares of Joint in a research note on Wednesday, October 8th. B. Riley cut shares of Joint from a "buy" rating to a "hold" rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $17.00.
Read Our Latest Analysis on JYNT
About Joint
(
Get Free Report)
The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.
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