Clayton Partners LLC Buys 51,500 Shares of The Joint Corp. (NASDAQ:JYNT)

Clayton Partners LLC boosted its stake in The Joint Corp. (NASDAQ:JYNT) by 38.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 186,500 shares of the company’s stock after acquiring an additional 51,500 shares during the period. Joint accounts for 2.1% of Clayton Partners LLC’s portfolio, making the stock its 22nd biggest position. Clayton Partners LLC’s holdings in Joint were worth $2,622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JYNT. XTX Topco Ltd bought a new stake in Joint in the second quarter valued at $174,000. O Brien Greene & Co. Inc increased its position in Joint by 0.9% in the 2nd quarter. O Brien Greene & Co. Inc now owns 115,620 shares of the company’s stock valued at $1,626,000 after buying an additional 1,000 shares in the last quarter. Sargent Investment Group LLC bought a new stake in Joint in the 2nd quarter valued at about $150,000. Renaissance Technologies LLC raised its stake in Joint by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 394,478 shares of the company’s stock worth $5,546,000 after buying an additional 20,400 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Joint by 9.8% in the second quarter. Dimensional Fund Advisors LP now owns 194,139 shares of the company’s stock worth $2,730,000 after acquiring an additional 17,268 shares in the last quarter. Institutional investors and hedge funds own 76.88% of the company’s stock.

Joint Stock Performance

Shares of Joint stock opened at $11.41 on Friday. The stock has a market capitalization of $170.85 million, a PE ratio of -15.21 and a beta of 1.58. The Joint Corp. has a 52 week low of $7.31 and a 52 week high of $17.82. The stock has a 50 day moving average price of $12.25 and a two-hundred day moving average price of $13.22.

Joint (NASDAQ:JYNT) last posted its earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Joint had a positive return on equity of 2.17% and a negative net margin of 12.00%. The business had revenue of $30.26 million during the quarter, compared to analyst estimates of $29.65 million. Research analysts forecast that The Joint Corp. will post 0.13 EPS for the current year.

Joint Profile

The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.