The Joint Corp. (NASDAQ:JYNT) insider Peter D. Holt bought 3,820 shares of the business’s stock in a transaction on Friday, June 30th. The shares were acquired at an average price of $3.76 per share, with a total value of $14,363.20. Following the transaction, the insider now directly owns 43,820 shares of the company’s stock, valued at $164,763.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of The Joint Corp. (NASDAQ JYNT) remained flat at $3.60 during trading on Monday. The stock had a trading volume of 27,525 shares. The firm’s market capitalization is $47.10 million. The firm has a 50 day moving average of $3.86 and a 200-day moving average of $3.65. The Joint Corp. has a one year low of $1.96 and a one year high of $4.74.
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A number of large investors have recently modified their holdings of the company. Pekin Singer Strauss Asset Management IL increased its stake in shares of The Joint Corp. by 29.4% in the first quarter. Pekin Singer Strauss Asset Management IL now owns 71,669 shares of the company’s stock valued at $301,000 after buying an additional 16,292 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of The Joint Corp. by 3.8% in the first quarter. Russell Investments Group Ltd. now owns 70,400 shares of the company’s stock valued at $296,000 after buying an additional 2,600 shares during the last quarter. Sanders Morris Harris Inc. boosted its position 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 valued at $10,952,000 after buying an additional 7,200 shares during the last quarter. Finally, Skylands Capital LLC boosted its position 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 valued at $2,374,000 after buying an additional 22,500 shares during the last quarter. 45.71% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have weighed in on JYNT. Zacks Investment Research lowered shares of The Joint Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. ValuEngine upgraded shares of The Joint Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Craig Hallum began coverage on shares of The Joint Corp. in a research report on Wednesday, June 14th. They set a “buy” rating and a $5.75 target price for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The Joint Corp. has an average rating of “Hold” and a consensus target price of $5.58.
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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