Allspring Global Investments Holdings LLC Sells 33,700 Shares of DallasNews Co. (NASDAQ:DALN)

Allspring Global Investments Holdings LLC decreased its holdings in shares of DallasNews Co. (NASDAQ:DALN) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 391,443 shares of the company’s stock after selling 33,700 shares during the period. Allspring Global Investments Holdings LLC owned about 7.32% of DallasNews worth $2,908,000 as of its most recent SEC filing.

Separately, Cambiar Investors LLC increased its holdings in shares of DallasNews by 52.3% during the third quarter. Cambiar Investors LLC now owns 47,084 shares of the company’s stock worth $197,000 after buying an additional 16,167 shares in the last quarter. 27.19% of the stock is owned by institutional investors.

DallasNews Trading Down 5.9 %

NASDAQ DALN opened at $6.20 on Friday. The firm has a market cap of $33.18 million, a price-to-earnings ratio of -5.54 and a beta of 0.52. The company has a 50 day moving average of $6.70 and a 200-day moving average of $5.40. DallasNews Co. has a 1-year low of $2.98 and a 1-year high of $7.86.

DallasNews 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.