Joint (NASDAQ:JYNT) Stock: Insider Charles Jobson Purchases 236,116 Shares

The Joint Corp. (NASDAQ:JYNT) major shareholder Charles Jobson acquired 236,116 shares of the stock in a transaction dated Monday, November 9th. The stock was acquired at an average cost of $6.65 per share, with a total value of $1,570,171.40. Following the transaction, the insider directly owned 2,030,149 shares in the company, valued at approximately $13,500,490.85. This represents a 13.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Joint Price Performance

Shares of JYNT stock opened at $6.94 on Friday. The Joint Corp. has a 1-year low of $6.52 and a 1-year high of $10.67. The stock’s fifty day moving average price is $7.51 and its 200 day moving average price is $8.45. The company has a market cap of $95.00 million, a price-to-earnings ratio of 34.70 and a beta of 1.16.

Joint (NASDAQ:JYNT) last announced its earnings results on Thursday, November 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.02. Joint had a return on equity of 22.11% and a net margin of 4.81%. The company had revenue of $13.55 million for the quarter, compared to analyst estimates of $14.85 million. As a group, equities research analysts anticipate that The Joint Corp. will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Joint

Several hedge funds have recently made changes to their positions in the company. R Squared Ltd grew its holdings in Joint by 40.3% during the third quarter. R Squared Ltd now owns 14,910 shares of the company’s stock worth $110,000 after acquiring an additional 4,284 shares during the period. Verus Capital Partners LLC raised its position in Joint by 23.6% during the first quarter. Verus Capital Partners LLC now owns 130,705 shares of the company’s stock valued at $1,157,000 after acquiring an additional 24,929 shares in the last quarter. Susquehanna International Group LLP raised its position in Joint by 161.3% during the second quarter. Susquehanna International Group LLP now owns 43,138 shares of the company’s stock valued at $379,000 after acquiring an additional 26,626 shares in the last quarter. Squarepoint Ops LLC lifted its holdings in Joint by 35.5% in the second quarter. Squarepoint Ops LLC now owns 105,467 shares of the company’s stock valued at $926,000 after acquiring an additional 27,633 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Joint by 37.4% in the first quarter. Dimensional Fund Advisors LP now owns 153,754 shares of the company’s stock valued at $1,361,000 after acquiring an additional 41,842 shares during the period. 76.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JYNT has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Joint from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. B. Riley Financial decreased their price objective on shares of Joint from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Monday, November 9th. Finally, Wall Street Zen cut shares of Joint from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $8.00.

About Joint

The Joint Corp. operates and franchises The Joint Chiropractic, a network of clinics providing chiropractic care in the United States. Its clinics offer services such as spinal adjustments and other chiropractic treatments focused on musculoskeletal health and wellness. The company’s business model emphasizes convenient access to care, with options that include walk-in visits and recurring membership plans. The Joint Corp. was established in 2010 and is headquartered in Scottsdale, Arizona.