Verus Capital Partners LLC Acquires 7,440 Shares of The Joint Corp. (NASDAQ:JYNT)

Verus Capital Partners LLC lifted its position in shares of The Joint Corp. (NASDAQ:JYNT) by 5.9% during the third quarter, Holdings Channel reports. The firm owned 132,955 shares of the company’s stock after acquiring an additional 7,440 shares during the period. Verus Capital Partners LLC’s holdings in Joint were worth $1,521,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JYNT. Squarepoint Ops LLC purchased a new stake in Joint during the second quarter valued at about $144,000. Sargent Investment Group LLC purchased a new stake in Joint in the second quarter worth approximately $150,000. XTX Topco Ltd purchased a new position in Joint in the 2nd quarter worth $174,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Joint by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,464 shares of the company’s stock valued at $229,000 after acquiring an additional 837 shares during the last quarter. Finally, Avondale Wealth Management grew its holdings in shares of Joint by 15.8% in the second quarter. Avondale Wealth Management now owns 22,000 shares of the company’s stock worth $309,000 after purchasing an additional 3,000 shares during the last quarter. 76.88% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on JYNT. StockNews.com cut Joint from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Roth Mkm cut their price target on Joint from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday.

Joint Price Performance

Shares of JYNT stock opened at $12.58 on Tuesday. The business has a fifty day moving average of $11.28 and a 200 day moving average of $12.97. The firm has a market capitalization of $188.70 million, a price-to-earnings ratio of -11.04 and a beta of 1.57. The Joint Corp. has a 1 year low of $8.26 and a 1 year 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.