Grandeur Peak Global Advisors LLC Has $188,000 Position in The Joint Corp. (NASDAQ:JYNT)

Grandeur Peak Global Advisors LLC decreased its holdings in shares of The Joint Corp. (NASDAQ:JYNT) by 37.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,690 shares of the company’s stock after selling 10,741 shares during the period. Grandeur Peak Global Advisors LLC owned approximately 0.12% of Joint worth $188,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Clayton Partners LLC raised its holdings in shares of Joint by 36.2% in the 4th quarter. Clayton Partners LLC now owns 310,000 shares of the company’s stock worth $3,295,000 after acquiring an additional 82,447 shares during the last quarter. Skylands Capital LLC increased its holdings in Joint by 10.9% during the 4th quarter. Skylands Capital LLC now owns 738,728 shares of the company’s stock worth $7,853,000 after purchasing an additional 72,700 shares in the last quarter. O Brien Greene & Co. Inc raised its stake in shares of Joint by 20.9% in the fourth quarter. O Brien Greene & Co. Inc now owns 144,620 shares of the company’s stock worth $1,537,000 after purchasing an additional 25,000 shares during the last quarter. Sanders Morris Harris LLC bought a new position in shares of Joint in the fourth quarter valued at approximately $228,000. Finally, Franklin Resources Inc. purchased a new position in shares of Joint during the third quarter valued at approximately $175,000. 76.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Joint from a “buy” rating to a “hold” rating in a research report on Monday, March 17th.

Joint Stock Performance

Shares of JYNT stock opened at $10.40 on Friday. The company has a market capitalization of $159.36 million, a price-to-earnings ratio of -9.12 and a beta of 1.45. The Joint Corp. has a 52-week low of $9.58 and a 52-week high of $17.82. The company has a 50-day simple moving average of $11.42 and a two-hundred day simple moving average of $11.20.

Joint Company 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.