Sanders Morris Harris LLC Buys Shares of 23,000 The Joint Corp. (NASDAQ:JYNT)

Sanders Morris Harris LLC bought a new stake in shares of The Joint Corp. (NASDAQ:JYNT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,000 shares of the company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. O Brien Greene & Co. Inc boosted its position in Joint by 0.9% during the 2nd quarter. O Brien Greene & Co. Inc now owns 115,620 shares of the company’s stock valued at $1,626,000 after acquiring an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Joint by 5.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,510 shares of the company’s stock worth $258,000 after purchasing an additional 1,156 shares in the last quarter. FMR LLC boosted its position in shares of Joint by 38.0% in the 3rd quarter. FMR LLC now owns 10,787 shares of the company’s stock worth $123,000 after purchasing an additional 2,971 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Joint by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 291,581 shares of the company’s stock worth $3,336,000 after purchasing an additional 3,043 shares in the last quarter. Finally, Douglass Winthrop Advisors LLC boosted its position in shares of Joint by 4.1% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 146,400 shares of the company’s stock worth $1,675,000 after purchasing an additional 5,800 shares in the last quarter. Institutional investors own 76.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on JYNT. StockNews.com raised Joint from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Roth Mkm lowered their price objective on Joint from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, November 8th.

Joint Stock Performance

JYNT stock traded up $0.51 during midday trading on Thursday, reaching $10.77. The stock had a trading volume of 10,507 shares, compared to its average volume of 35,145. The stock has a market cap of $161.38 million, a PE ratio of -9.45 and a beta of 1.60. The firm has a fifty day simple moving average of $10.99 and a two-hundred day simple moving average of $11.63. The Joint Corp. has a 52-week low of $8.96 and a 52-week high of $17.82.

Joint Profile

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.