Allspring Global Investments Holdings LLC Decreases Stake in DallasNews Co. (NASDAQ:DALN)

Allspring Global Investments Holdings LLC reduced its stake in DallasNews Co. (NASDAQ:DALN) by 1.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 519,184 shares of the company’s stock after selling 6,170 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.10% of DallasNews worth $2,020,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its position in DallasNews by 12.5% during the 1st quarter. Bank of America Corp DE now owns 73,449 shares of the company’s stock worth $515,000 after buying an additional 8,157 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of DallasNews by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 35,101 shares of the company’s stock valued at $134,000 after purchasing an additional 3,920 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of DallasNews during the 4th quarter valued at approximately $45,000. 28.29% of the stock is owned by hedge funds and other institutional investors.

DallasNews Price Performance

NASDAQ:DALN opened at $4.47 on Tuesday. The company has a 50 day moving average price of $4.45 and a 200-day moving average price of $4.24. DallasNews Co. has a 1-year low of $3.73 and a 1-year high of $5.70. The firm has a market cap of $23.92 million, a price-to-earnings ratio of -3.41 and a beta of 0.83.

DallasNews Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 10th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 14.32%. The ex-dividend date of this dividend is Thursday, November 9th. DallasNews’s payout ratio is currently -48.85%.

DallasNews Profile

DallasNews Corporation, together with its subsidiaries, operates as a local news and information publishing company in Texas. The company operates The Dallas Morning News, a newspaper; dallasnews.com a digital platform; The News, a metropolitan newspaper; and Briefing and Al Dia, Spanish-language newspapers.