The Joint Corp. (NASDAQ:JYNT) Major Shareholder Purchases $69,869.66 in Stock

The Joint Corp. (NASDAQ:JYNT) major shareholder Bandera Partners Llc bought 7,378 shares of Joint stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $9.47 per share, for a total transaction of $69,869.66. Following the completion of the acquisition, the insider now directly owns 3,672,473 shares in the company, valued at $34,778,319.31. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Bandera Partners Llc also recently made the following trade(s):

• On Monday, September 18th, Bandera Partners Llc bought 23,961 shares of Joint stock. The shares were acquired at an average cost of $9.43 per share, for a total transaction of $225,952.23.
• On Wednesday, September 13th, Bandera Partners Llc purchased 25,867 shares of Joint stock. The stock was bought at an average price of $9.28 per share, for a total transaction of $240,045.76.
• On Monday, September 11th, Bandera Partners Llc acquired 8,276 shares of Joint stock. The stock was purchased at an average cost of $9.43 per share, for a total transaction of $78,042.68.
• On Thursday, September 7th, Bandera Partners Llc acquired 21,307 shares of Joint stock. The stock was purchased at an average cost of $9.11 per share, for a total transaction of $194,106.77.
• On Tuesday, September 5th, Bandera Partners Llc acquired 4,480 shares of Joint stock. The stock was purchased at an average cost of $9.10 per share, for a total transaction of $40,768.00.
• On Friday, August 25th, Bandera Partners Llc bought 16,462 shares of Joint stock. The shares were acquired at an average price of $9.54 per share, for a total transaction of $157,047.48.
• On Wednesday, August 23rd, Bandera Partners Llc bought 6,247 shares of Joint stock. The shares were acquired at an average price of $9.53 per share, for a total transaction of $59,533.91.
• On Friday, August 11th, Bandera Partners Llc bought 584,496 shares of Joint stock. The shares were acquired at an average price of $9.55 per share, for a total transaction of $5,581,936.80.
• On Wednesday, August 9th, Bandera Partners Llc bought 129,312 shares of Joint stock. The shares were bought at an average cost of $12.93 per share, for a total transaction of $1,672,004.16.
• On Monday, July 17th, Bandera Partners Llc bought 299 shares of Joint stock. The shares were bought at an average cost of $13.10 per share, for a total transaction of $3,916.90.

Joint Stock Down 0.8 %

JYNT stock opened at $9.50 on Tuesday. The Joint Corp. has a twelve month low of $8.76 and a twelve month high of $20.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average is $11.41 and its 200-day moving average is $13.71. The firm has a market capitalization of $139.46 million, a PE ratio of 45.24 and a beta of 1.44.

Joint (NASDAQ:JYNT) last posted its earnings results on Wednesday, September 13th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Joint had a net margin of 2.81% and a return on equity of 9.54%. The company had revenue of $29.31 million during the quarter, compared to the consensus estimate of $29.85 million. Sell-side analysts expect that The Joint Corp. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

JYNT has been the topic of several research analyst reports. Roth Mkm cut their target price on shares of Joint from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, September 14th. Lake Street Capital cut their price target on Joint from $50.00 to $30.00 in a report on Monday. Maxim Group lowered Joint from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, StockNews.com assumed coverage on Joint in a report on Thursday, August 17th. They issued a “hold” rating on the stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JYNT. Bandera Partners LLC lifted its position in shares of Joint by 337.5% during the first quarter. Bandera Partners LLC now owns 1,000,000 shares of the company’s stock valued at $35,390,000 after purchasing an additional 771,453 shares in the last quarter. Millennium Management LLC lifted its position in shares of Joint by 158.8% during the fourth quarter. Millennium Management LLC now owns 562,444 shares of the company’s stock valued at $7,863,000 after purchasing an additional 345,133 shares in the last quarter. O Brien Greene & Co. Inc boosted its position in Joint by 347.5% in the second quarter. O Brien Greene & Co. Inc now owns 273,060 shares of the company’s stock worth $3,687,000 after purchasing an additional 212,040 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Joint by 14,771.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 106,036 shares of the company’s stock valued at $1,785,000 after purchasing an additional 105,323 shares during the period. Finally, Bank of Montreal Can purchased a new stake in shares of Joint during the 2nd quarter valued at $1,161,000. 87.61% of the stock is owned by institutional investors.

Joint Company Profile

The Joint Corp. develops, owns, operates, supports, and manages chiropractic clinics. The company operates in two segments, Corporate Clinics and Franchise Operations. It operates through direct ownership, management arrangements, franchising, and regional developers. As of March 1, 2022, the company operated approximately 700 locations in the United States.