Renaissance Technologies LLC boosted its holdings in shares of DallasNews Co. (NASDAQ:DALN – Free Report) by 2.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,739 shares of the company’s stock after acquiring an additional 4,800 shares during the period. Renaissance Technologies LLC owned about 3.68% of DallasNews worth $706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Cambiar Investors LLC boosted its stake in shares of DallasNews by 184.9% during the second 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 in the last quarter. 27.19% of the stock is owned by hedge funds and other institutional investors.
DallasNews Stock Up 0.6 %
Shares of NASDAQ:DALN opened at $4.21 on Wednesday. The firm has a 50 day moving average of $4.32 and a 200 day moving average of $3.89. The company has a market capitalization of $22.53 million, a price-to-earnings ratio of -3.90 and a beta of 0.69. DallasNews Co. has a 52 week low of $2.98 and a 52 week high of $4.79.
Insider Activity
In other DallasNews news, major shareholder Robert W. Decherd acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $6.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the insider now directly owns 515,533 shares of the company’s stock, valued at $3,093,198. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 12.90% 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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