Joint Corp (NASDAQ:JYNT) insider David M. Orwasher sold 5,000 shares of Joint Corp stock in a transaction 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 transaction, the insider now directly owns 117,723 shares of the company’s stock, valued at $282,535.20. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Joint Corp (NASDAQ:JYNT) opened at 2.42 on Tuesday. The firm has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.82. The firm’s market capitalization is $30.81 million. Joint Corp has a one year low of $1.85 and a one year high of $7.90.
Joint Corp (NASDAQ:JYNT) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.01. The company earned $5 million during the quarter, compared to analysts’ expectations of $3.40 million. Analysts anticipate that Joint Corp will post ($0.97) EPS for the current fiscal year.
JYNT has been the subject of several analyst reports. Maxim Group dropped their price objective on Joint Corp from $8.00 to $5.00 and set a “buy” rating for the company in a report on Friday, July 1st. Zacks Investment Research raised Joint Corp from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a report on Wednesday, August 17th. Finally, Feltl & Co. cut Joint Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 24th.
Several hedge funds have recently modified their holdings of JYNT. Emerald Acquisition Ltd. acquired a new position in Joint Corp during the second quarter valued at about $108,000. Boston Partners raised its position in Joint Corp by 1.1% in the second quarter. Boston Partners now owns 108,550 shares of the company’s stock valued at $220,000 after buying an additional 1,170 shares in the last quarter. Skylands Capital LLC raised its position in Joint Corp by 12.1% in the second quarter. Skylands Capital LLC now owns 380,734 shares of the company’s stock valued at $773,000 after buying an additional 40,950 shares in the last quarter. Finally, Sanders Morris Harris Inc. raised its position in Joint Corp by 7.0% in the second quarter. Sanders Morris Harris Inc. now owns 2,063,581 shares of the company’s stock valued at $4,189,000 after buying an additional 134,753 shares in 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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