Ingalls & Snyder LLC Raises Stock Position in DallasNews Co. (NASDAQ:DALN)

Ingalls & Snyder LLC raised its stake in shares of DallasNews Co. (NASDAQ:DALN) by 40.0% during the fourth quarter, Holdings Channel reports. The firm owned 14,000 shares of the company’s stock after buying an additional 4,000 shares during the quarter. Ingalls & Snyder LLC’s holdings in DallasNews were worth $60,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of DallasNews in the 4th quarter worth about $45,000. Citadel Advisors LLC purchased a new stake in shares of DallasNews in the 2nd quarter worth about $51,000. Worth Asset Management LLC purchased a new stake in shares of DallasNews in the 4th quarter worth about $61,000. Geode Capital Management LLC grew its position in shares of DallasNews by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 35,101 shares of the company’s stock worth $134,000 after buying an additional 3,920 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in shares of DallasNews by 23.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 35,290 shares of the company’s stock worth $137,000 after buying an additional 6,790 shares during the period. 27.19% of the stock is owned by hedge funds and other institutional investors.

DallasNews Price Performance

NASDAQ:DALN opened at $3.72 on Monday. The firm’s 50-day moving average price is $3.92 and its 200-day moving average price is $4.12. The company has a market capitalization of $19.90 million, a PE ratio of -2.82 and a beta of 0.59. DallasNews Co. has a 1-year low of $3.72 and a 1-year high of $5.13.

DallasNews (NASDAQ:DALN) last released its earnings results on Wednesday, March 6th. The company reported ($0.41) earnings per share for the quarter. The business had revenue of $33.98 million during the quarter. DallasNews had a negative return on equity of 119.41% and a negative net margin of 5.09%.

DallasNews Company Profile

DallasNews Corporation, together with its subsidiaries, publishes and sells newspapers in Texas. The company operates The Dallas Morning News, a newspaper; dallasnews.com a digital platform; The News, a metropolitan newspaper; and Al Dia, an online Spanish-language newspapers. It also offers digital advertising and marketing services, such as strategic marketing services, consulting, branding, paid media strategy and management, creative services, search optimization, direct mail, and sale of promotional materials, as well as provides multi-channel marketing solutions through subscription sales of the company's cloud-based software.