Clayton Partners LLC Has $2.62 Million Stake in The Joint Corp. (NASDAQ:JYNT)

Clayton Partners LLC grew its stake in The Joint Corp. (NASDAQ:JYNT) by 38.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,500 shares of the company’s stock after purchasing an additional 51,500 shares during the quarter. Joint makes up approximately 2.1% of Clayton Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Clayton Partners LLC owned approximately 1.25% of Joint worth $2,622,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of JYNT. Los Angeles Capital Management LLC bought a new stake in shares of Joint in the second quarter valued at about $1,115,000. Sierra Summit Advisors LLC bought a new stake in Joint in the 4th quarter valued at about $652,000. Ancora Advisors LLC grew its position in shares of Joint by 105.0% during the 1st quarter. Ancora Advisors LLC now owns 99,212 shares of the company’s stock worth $1,296,000 after purchasing an additional 50,815 shares in the last quarter. First Foundation Advisors increased its holdings in shares of Joint by 18.8% during the first quarter. First Foundation Advisors now owns 209,301 shares of the company’s stock worth $2,733,000 after purchasing an additional 33,104 shares during the period. Finally, Corsair Capital Management L.P. acquired a new stake in shares of Joint in the fourth quarter valued at approximately $248,000. 76.88% of the stock is currently owned by institutional investors and hedge funds.

Joint Trading Down 4.1 %

Shares of JYNT stock opened at $11.41 on Friday. The stock has a market cap of $170.85 million, a P/E ratio of -15.21 and a beta of 1.58. The Joint Corp. has a 1 year low of $7.31 and a 1 year high of $17.82. The stock has a 50 day simple moving average of $12.25 and a 200 day simple moving average of $13.22.

Joint (NASDAQ:JYNT) last released 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 negative net margin of 12.00% and a positive return on equity of 2.17%. The company had revenue of $30.26 million for the quarter, compared to the consensus estimate of $29.65 million. Analysts forecast that The Joint Corp. will post 0.13 EPS for the current year.

About Joint

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.