DallasNews (NASDAQ:DALN) Trading Down 0.8%

DallasNews Co. (NASDAQ:DALN)’s share price traded down 0.8% during trading on Thursday . The company traded as low as $3.72 and last traded at $3.79. 44,295 shares were traded during trading, an increase of 12% from the average session volume of 39,613 shares. The stock had previously closed at $3.82.

DallasNews Stock Down 0.8 %

The firm has a market cap of $20.28 million, a P/E ratio of -2.87 and a beta of 0.59. The firm has a fifty day moving average of $3.94 and a 200-day moving average of $4.14.

DallasNews (NASDAQ:DALN) last announced its quarterly 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 for the quarter. DallasNews had a negative return on equity of 119.41% and a negative net margin of 5.09%.

Institutional Investors Weigh In On DallasNews

A number of large investors have recently added to or reduced their stakes in the stock. Ingalls & Snyder LLC bought a new position in shares of DallasNews in the 3rd quarter valued at $46,000. Jane Street Group LLC bought a new position in shares of DallasNews in the 4th quarter valued at $45,000. Citadel Advisors LLC bought a new position in shares of DallasNews in the 2nd quarter valued at $51,000. Worth Asset Management LLC bought a new position in shares of DallasNews in the 4th quarter valued at $61,000. Finally, Geode Capital Management LLC increased its holdings in DallasNews by 12.6% in the fourth 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 during the period. Institutional investors and hedge funds own 27.19% of the company’s stock.

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.