Joint Corp (JYNT) Insider David M. Orwasher Sells 5,000 Shares
Joint Corp (NASDAQ:JYNT) insider David M. Orwasher sold 5,000 shares of Joint Corp stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $2.40, for a total value of $12,000.00. Following the completion of the sale, the insider now owns 117,723 shares in the company, valued at $282,535.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Joint Corp (NASDAQ:JYNT) opened at 2.43 on Wednesday. The stock’s market capitalization is $30.94 million. The firm’s 50-day moving average price is $2.44 and its 200-day moving average price is $2.81. Joint Corp has a 52-week low of $1.85 and a 52-week high of $7.90.
Joint Corp (NASDAQ:JYNT) last released its earnings results on Thursday, August 11th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.01. The firm had revenue of $5 million for the quarter, compared to the consensus estimate of $3.40 million. Equities analysts forecast that Joint Corp will post ($0.97) earnings per share for the current fiscal year.
A number of research firms recently weighed in on JYNT. Feltl & Co. downgraded Joint Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 24th. Zacks Investment Research upgraded Joint Corp from a “sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, Maxim Group decreased their price target on Joint Corp from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, July 1st.
Several hedge funds have recently made changes to their positions in JYNT. Boston Partners boosted its stake in shares of Joint Corp by 1.1% in the second quarter. Boston Partners now owns 108,550 shares of the company’s stock worth $220,000 after buying an additional 1,170 shares during the last quarter. Skylands Capital LLC boosted its stake in shares of Joint Corp by 12.1% in the second quarter. Skylands Capital LLC now owns 380,734 shares of the company’s stock worth $773,000 after buying an additional 40,950 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of Joint Corp during the second quarter worth $108,000. Finally, Sanders Morris Harris Inc. boosted its stake in shares of Joint Corp by 7.0% in the second quarter. Sanders Morris Harris Inc. now owns 2,063,581 shares of the company’s stock worth $4,189,000 after buying an additional 134,753 shares during the last quarter.
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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