Allspring Global Investments Holdings LLC Trims Stock Holdings in DallasNews Co. (NASDAQ:DALN)

Allspring Global Investments Holdings LLC lowered its stake in shares of DallasNews Co. (NASDAQ:DALN) by 12.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 425,143 shares of the company’s stock after selling 61,372 shares during the period. Allspring Global Investments Holdings LLC owned 7.94% of DallasNews worth $1,781,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC boosted its stake in DallasNews by 2.5% in 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 period. 27.19% of the stock is currently owned by institutional investors and hedge funds.

DallasNews Stock Down 6.2 %

Shares of DALN opened at $5.62 on Thursday. DallasNews Co. has a twelve month low of $2.98 and a twelve month high of $5.99. The stock has a market cap of $30.08 million, a PE ratio of -8.65 and a beta of 0.69. The business’s 50-day moving average price is $4.50 and its 200-day moving average price is $4.01.

DallasNews (NASDAQ:DALN) last posted its earnings results on Tuesday, July 30th. The company reported $0.27 earnings per share for the quarter. DallasNews had a negative net margin of 2.68% and a negative return on equity of 110.67%. The business had revenue of $32.06 million for the quarter.

Insider Activity

In other DallasNews news, major shareholder Robert W. Decherd acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $6.00 per share, for a total transaction of $150,000.00. Following the completion of the transaction, the insider now owns 515,533 shares of the company’s stock, valued at approximately $3,093,198. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 12.90% of the company’s stock.

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.