Los Angeles Capital Management LLC Purchases New Shares in The Joint Corp. (NASDAQ:JYNT)

Los Angeles Capital Management LLC purchased a new stake in shares of The Joint Corp. (NASDAQ:JYNT) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 79,323 shares of the company’s stock, valued at approximately $1,115,000.

A number of other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Joint by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,464 shares of the company’s stock valued at $229,000 after purchasing an additional 837 shares in the last quarter. Avondale Wealth Management lifted its position in shares of Joint by 15.8% during the second quarter. Avondale Wealth Management now owns 22,000 shares of the company’s stock valued at $309,000 after purchasing an additional 3,000 shares in the last quarter. Bard Associates Inc. lifted its position in shares of Joint by 4.3% during the fourth quarter. Bard Associates Inc. now owns 79,549 shares of the company’s stock valued at $764,000 after purchasing an additional 3,250 shares in the last quarter. Trexquant Investment LP lifted its position in shares of Joint by 8.0% during the fourth quarter. Trexquant Investment LP now owns 82,686 shares of the company’s stock valued at $795,000 after purchasing an additional 6,097 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Joint by 8.9% during the first quarter. Russell Investments Group Ltd. now owns 90,147 shares of the company’s stock valued at $1,177,000 after purchasing an additional 7,375 shares in the last quarter. 76.88% of the stock is owned by institutional investors.

Joint Price Performance

JYNT opened at $11.83 on Thursday. The firm has a market capitalization of $177.45 million, a P/E ratio of -15.77 and a beta of 1.58. The Joint Corp. has a fifty-two week low of $7.31 and a fifty-two week high of $17.82. The company’s 50-day moving average is $12.48 and its 200 day moving average is $13.15.

Joint (NASDAQ:JYNT) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The company had revenue of $30.26 million during the quarter, compared to the consensus estimate of $29.65 million. Joint had a positive return on equity of 2.17% and a negative net margin of 12.00%. On average, equities research analysts expect that The Joint Corp. will post 0.13 earnings per share for the current year.

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.