The Joint Corp. (NASDAQ:JYNT) Major Shareholder Acquires $59,533.91 in Stock

The Joint Corp. (NASDAQ:JYNT) major shareholder Bandera Partners Llc acquired 6,247 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average price of $9.53 per share, for a total transaction of $59,533.91. Following the completion of the transaction, the insider now directly owns 3,472,808 shares in the company, valued at $33,095,860.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• 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 Friday, August 11th, Bandera Partners Llc purchased 584,496 shares of Joint stock. The shares were purchased 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 purchased 129,312 shares of Joint stock. The shares were purchased 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 shares were purchased at an average cost of $13.10 per share, with a total value of $3,916.90.
• On Friday, July 14th, Bandera Partners Llc purchased 22,164 shares of Joint stock. The shares were purchased at an average cost of $13.03 per share, with a total value of $288,796.92.
• On Thursday, July 6th, Bandera Partners Llc acquired 1,961 shares of Joint stock. The shares were bought at an average price of $13.07 per share, with a total value of $25,630.27.
• On Wednesday, June 28th, Bandera Partners Llc acquired 769 shares of Joint stock. The stock was bought at an average cost of $13.06 per share, with a total value of $10,043.14.
• On Monday, June 26th, Bandera Partners Llc acquired 1,640 shares of Joint stock. The stock was bought at an average cost of $13.09 per share, with a total value of $21,467.60.
• On Friday, June 23rd, Bandera Partners Llc acquired 16,673 shares of Joint stock. The stock was bought at an average cost of $13.07 per share, with a total value of $217,916.11.
• On Wednesday, June 21st, Bandera Partners Llc acquired 6,999 shares of Joint stock. The stock was bought at an average cost of $13.06 per share, with a total value of $91,406.94.

Joint Price Performance

Shares of JYNT opened at $9.54 on Monday. The company has a 50 day moving average price of $12.67 and a 200-day moving average price of $14.39. The Joint Corp. has a fifty-two week low of $9.23 and a fifty-two week high of $20.85. The stock has a market capitalization of $140.04 million, a PE ratio of 39.75 and a beta of 1.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 0.94.

Institutional Investors Weigh In On Joint

Several hedge funds have recently modified their holdings of JYNT. Point72 Middle East FZE purchased a new stake in Joint during the second quarter valued at approximately $45,000. Citigroup Inc. purchased a new stake in Joint during the second quarter valued at approximately $57,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Joint during the third quarter valued at approximately $64,000. BNP Paribas Arbitrage SA lifted its position in Joint by 36.9% during 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 during the last quarter. Finally, Avondale Wealth Management lifted its position in Joint by 100.0% during 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 during the last quarter. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on JYNT shares. Maxim Group cut shares of Joint from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. StockNews.com initiated coverage on shares of Joint in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Roth Mkm lowered their price target on shares of Joint from $21.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, August 11th.

Joint Company Profile

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.