Sanders Morris Harris LLC Invests $228,000 in The Joint Corp. (NASDAQ:JYNT)

Sanders Morris Harris LLC purchased a new position in The Joint Corp. (NASDAQ:JYNT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,000 shares of the company’s stock, valued at approximately $228,000. Sanders Morris Harris LLC owned about 0.15% of Joint at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in shares of Joint in the second quarter worth $144,000. Sargent Investment Group LLC purchased a new stake in Joint during the second quarter valued at $150,000. FMR LLC increased its position in Joint by 38.0% during the third quarter. FMR LLC now owns 10,787 shares of the company’s stock valued at $123,000 after acquiring an additional 2,971 shares during the last quarter. XTX Topco Ltd purchased a new stake in Joint during the second quarter valued at $174,000. Finally, Franklin Resources Inc. purchased a new stake in Joint during the third quarter valued at $175,000. Hedge funds and other institutional investors own 76.88% of the company’s stock.

Joint Price Performance

Shares of NASDAQ JYNT traded up $0.51 during mid-day trading on Thursday, reaching $10.77. The company’s stock had a trading volume of 10,507 shares, compared to its average volume of 35,145. The firm has a market capitalization of $161.38 million, a PE ratio of -9.45 and a beta of 1.60. The stock has a fifty day moving average of $10.99 and a two-hundred day moving average of $11.63. The Joint Corp. has a 52 week low of $8.96 and a 52 week high of $17.82.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com upgraded Joint from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Roth Mkm reduced their price objective on Joint from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, November 8th.

About Joint

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.