Clayton Partners LLC Raises Stock Holdings in The Joint Corp. (NASDAQ:JYNT)

Clayton Partners LLC increased its position in The Joint Corp. (NASDAQ:JYNT) by 36.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 310,000 shares of the company’s stock after purchasing an additional 82,447 shares during the period. Joint comprises 2.3% of Clayton Partners LLC’s investment portfolio, making the stock its 19th largest position. Clayton Partners LLC’s holdings in Joint were worth $3,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Joint by 5.4% in the third quarter. BNP Paribas Financial Markets now owns 22,510 shares of the company’s stock worth $258,000 after acquiring an additional 1,156 shares in the last quarter. FMR LLC boosted its holdings in Joint by 38.0% in the third quarter. FMR LLC now owns 10,787 shares of the company’s stock worth $123,000 after acquiring an additional 2,971 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Joint by 9.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 36,204 shares of the company’s stock worth $385,000 after acquiring an additional 3,029 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Joint by 1.1% in the third quarter. Geode Capital Management LLC now owns 291,581 shares of the company’s stock worth $3,336,000 after acquiring an additional 3,043 shares in the last quarter. Finally, O Brien Greene & Co. Inc boosted its holdings in Joint by 3.5% in the third quarter. O Brien Greene & Co. Inc now owns 119,620 shares of the company’s stock worth $1,368,000 after acquiring an additional 4,000 shares in the last quarter. 76.88% of the stock is owned by hedge funds and other institutional investors.

Joint Trading Up 4.6 %

Joint stock opened at $11.02 on Friday. The business’s fifty day simple moving average is $11.08 and its two-hundred day simple moving average is $11.15. The Joint Corp. has a 12 month low of $9.58 and a 12 month high of $17.82. The company has a market capitalization of $165.12 million, a price-to-earnings ratio of -9.67 and a beta of 1.61.

About Joint

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.