Joint (NASDAQ:JYNT) Stock: Insider Charles Jobson Buys 2,825 Shares

The Joint Corp. (NASDAQ:JYNT) major shareholder Charles Jobson bought 2,825 shares of Joint stock in a transaction on Tuesday, November 10th. The stock was acquired at an average cost of $6.65 per share, for a total transaction of $18,786.25. Following the acquisition, the insider owned 20,322,974 shares in the company, valued at approximately $135,147,777.10. This represents a 0.01% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Joint Stock Up 3.7%

Shares of JYNT traded up $0.25 during midday trading on Friday, hitting $6.94. The company’s stock had a trading volume of 61,872 shares, compared to its average volume of 68,036. The Joint Corp. has a one year low of $6.52 and a one year high of $10.67. The stock has a market capitalization of $95.00 million, a price-to-earnings ratio of 34.70 and a beta of 1.16. The company’s fifty day simple moving average is $7.51 and its two-hundred day simple moving average is $8.45.

Joint (NASDAQ:JYNT) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.02. The business had revenue of $13.55 million during the quarter, compared to the consensus estimate of $14.85 million. Joint had a return on equity of 22.11% and a net margin of 4.81%. On average, research analysts predict that The Joint Corp. will post 0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

JYNT has been the subject of a number of research reports. Wall Street Zen cut shares of Joint from a “buy” rating to a “hold” rating in a report on Saturday. B. Riley Financial reduced their price target on shares of Joint from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, November 9th. Finally, Weiss Ratings raised shares of Joint from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $8.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JYNT. BlackRock Inc. acquired a new position in Joint in the 2nd quarter valued at approximately $2,534,000. Marshall Wace LLP raised its stake in shares of Joint by 372.2% during the third quarter. Marshall Wace LLP now owns 251,089 shares of the company’s stock valued at $1,858,000 after acquiring an additional 197,916 shares during the last quarter. Skylands Capital LLC raised its stake in shares of Joint by 5.6% during the third quarter. Skylands Capital LLC now owns 946,045 shares of the company’s stock valued at $7,001,000 after acquiring an additional 50,473 shares during the last quarter. Grandeur Peak Global Advisors LLC acquired a new position in shares of Joint during the second quarter worth $19,059,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Joint by 37.4% during the first quarter. Dimensional Fund Advisors LP now owns 153,754 shares of the company’s stock worth $1,361,000 after purchasing an additional 41,842 shares during the period. 76.88% of the stock is currently owned by institutional investors and hedge funds.

About Joint

The Joint Corp. operates and franchises The Joint Chiropractic, a network of clinics providing chiropractic care in the United States. Its clinics offer services such as spinal adjustments and other chiropractic treatments focused on musculoskeletal health and wellness. The company’s business model emphasizes convenient access to care, with options that include walk-in visits and recurring membership plans. The Joint Corp. was established in 2010 and is headquartered in Scottsdale, Arizona.