DallasNews Co. (NASDAQ:DALN – Get Free Report)’s share price shot up 0.6% during trading on Tuesday . The stock traded as high as $4.24 and last traded at $4.21. 3,197 shares changed hands during trading, a decline of 92% from the average session volume of 39,304 shares. The stock had previously closed at $4.19.
DallasNews Trading Up 0.6 %
The company has a 50 day moving average of $4.32 and a 200 day moving average of $3.89. The firm has a market cap of $22.53 million, a price-to-earnings ratio of -3.90 and a beta of 0.69.
DallasNews (NASDAQ:DALN – Get Free Report) last announced its earnings results on Tuesday, July 30th. The company reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $32.06 million during the quarter. DallasNews had a negative net margin of 2.68% and a negative return on equity of 110.67%.
Insider Activity
Institutional Investors Weigh In On DallasNews
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Worth Asset Management LLC raised its position in shares of DallasNews by 26.6% during the first quarter. Worth Asset Management LLC now owns 18,231 shares of the company’s stock worth $70,000 after acquiring an additional 3,836 shares during the last quarter. Renaissance Technologies LLC raised its holdings in DallasNews by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 196,739 shares of the company’s stock worth $706,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Cambiar Investors LLC lifted its position in DallasNews by 184.9% during the 2nd quarter. Cambiar Investors LLC now owns 30,917 shares of the company’s stock valued at $111,000 after purchasing an additional 20,066 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.
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