Allspring Global Investments Holdings LLC Sells 7,337 Shares of DallasNews Corporation $DALN

Allspring Global Investments Holdings LLC reduced its position in shares of DallasNews Corporation (NASDAQ:DALN) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 384,106 shares of the company’s stock after selling 7,337 shares during the period. Allspring Global Investments Holdings LLC owned 7.18% of DallasNews worth $1,652,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Gamco Investors INC. ET AL raised its position in DallasNews by 6.7% in the first quarter. Gamco Investors INC. ET AL now owns 38,400 shares of the company’s stock worth $175,000 after acquiring an additional 2,400 shares during the period. Cambiar Investors LLC increased its stake in shares of DallasNews by 6.3% in the first quarter. Cambiar Investors LLC now owns 50,061 shares of the company’s stock worth $228,000 after purchasing an additional 2,977 shares in the last quarter. North Capital Inc. purchased a new position in shares of DallasNews in the first quarter worth about $32,000. Teton Advisors Inc. purchased a new position in shares of DallasNews in the first quarter worth about $46,000. Finally, Virtu Financial LLC purchased a new position in DallasNews during the first quarter valued at approximately $48,000. 27.19% of the stock is owned by institutional investors.

Insider Buying and Selling

In other DallasNews news, major shareholder Robert W. Decherd sold 592,541 shares of the business’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $16.50, for a total value of $9,776,926.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 12.90% of the stock is currently owned by corporate insiders.

DallasNews Trading Up 0.0%

DallasNews stock opened at $16.51 on Wednesday. The firm’s 50 day simple moving average is $15.66 and its 200 day simple moving average is $9.95. The firm has a market capitalization of $88.33 million, a PE ratio of -17.02 and a beta of 0.66. DallasNews Corporation has a 1-year low of $3.66 and a 1-year high of $16.52.

DallasNews (NASDAQ:DALN) last posted its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter. DallasNews had a negative net margin of 4.26% and a positive return on equity of 150.61%. The business had revenue of $29.77 million for the quarter.

About DallasNews

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.