The Joint Corp. (NASDAQ:JYNT) Major Shareholder Bandera Partners Llc Buys 23,961 Shares of Stock

The Joint Corp. (NASDAQ:JYNT) major shareholder Bandera Partners Llc purchased 23,961 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were bought at an average cost of $9.43 per share, with a total value of $225,952.23. Following the purchase, the insider now directly owns 3,696,434 shares of the company’s stock, valued at approximately $34,857,372.62. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, September 15th, Bandera Partners Llc purchased 7,378 shares of Joint stock. The stock was purchased at an average cost of $9.47 per share, for a total transaction of $69,869.66.
• On Wednesday, September 13th, Bandera Partners Llc bought 25,867 shares of Joint stock. The shares were acquired at an average price of $9.28 per share, with a total value of $240,045.76.
• On Monday, September 11th, Bandera Partners Llc bought 8,276 shares of Joint stock. The shares were acquired at an average price of $9.43 per share, with a total value 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 price of $9.11 per share, with a total value of $194,106.77.
• On Tuesday, September 5th, Bandera Partners Llc bought 4,480 shares of Joint stock. The shares were bought at an average cost of $9.10 per share, with a total value of $40,768.00.
• On Friday, August 25th, Bandera Partners Llc bought 16,462 shares of Joint stock. The shares were bought at an average cost of $9.54 per share, with a total value of $157,047.48.
• On Wednesday, August 23rd, Bandera Partners Llc bought 6,247 shares of Joint stock. The shares were bought at an average cost of $9.53 per share, with a total value of $59,533.91.
• On Friday, August 11th, Bandera Partners Llc bought 584,496 shares of Joint stock. The shares were bought at an average cost of $9.55 per share, with a total value of $5,581,936.80.
• On Wednesday, August 9th, Bandera Partners Llc acquired 129,312 shares of Joint stock. The shares were acquired at an average cost of $12.93 per share, with a total value of $1,672,004.16.
• On Monday, July 17th, Bandera Partners Llc purchased 299 shares of Joint stock. The stock was purchased at an average cost of $13.10 per share, with a total value of $3,916.90.

Joint Price Performance

Shares of JYNT 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 firm’s fifty day simple moving average is $11.41 and its 200-day simple moving average is $13.71. The firm has a market capitalization of $139.46 million, a price-to-earnings ratio of 45.24 and a beta of 1.44. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.06.

Joint (NASDAQ:JYNT) last announced its quarterly earnings data 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). The firm had revenue of $29.31 million during the quarter, compared to analyst estimates of $29.85 million. Joint had a net margin of 2.81% and a return on equity of 9.54%. Equities analysts forecast that The Joint Corp. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Joint

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Point72 Middle East FZE purchased a new stake in shares of Joint during the second quarter worth about $45,000. Citigroup Inc. acquired a new stake in Joint in the second quarter valued at $57,000. Teachers Retirement System of The State of Kentucky acquired a new stake in Joint in the third quarter valued at $64,000. BNP Paribas Arbitrage SA raised its holdings in Joint by 36.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,873 shares of the company’s stock valued at $75,000 after acquiring an additional 1,313 shares in the last quarter. Finally, Avondale Wealth Management raised its holdings in Joint by 100.0% in the first quarter. Avondale Wealth Management now owns 4,500 shares of the company’s stock valued at $76,000 after acquiring an additional 2,250 shares in the last quarter. Institutional investors and hedge funds own 87.61% of the company’s stock.

About Joint

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.