First Foundation Advisors Has $1.39 Million Position in The Joint Corp. (NASDAQ:JYNT)

First Foundation Advisors cut its stake in The Joint Corp. (NASDAQ:JYNT - Free Report) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,460 shares of the company's stock after selling 37,747 shares during the quarter. First Foundation Advisors owned about 0.87% of Joint worth $1,387,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of JYNT. Skylands Capital LLC raised its position in Joint by 10.9% during the fourth quarter. Skylands Capital LLC now owns 738,728 shares of the company's stock valued at $7,853,000 after acquiring an additional 72,700 shares in the last quarter. Clayton Partners LLC lifted its stake in Joint by 36.2% during the fourth quarter. Clayton Partners LLC now owns 310,000 shares of the company's stock worth $3,295,000 after purchasing an additional 82,447 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Joint by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 293,133 shares of the company's stock valued at $3,116,000 after purchasing an additional 1,552 shares in the last quarter. Douglass Winthrop Advisors LLC increased its holdings in Joint by 3.2% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 151,100 shares of the company's stock worth $1,606,000 after purchasing an additional 4,700 shares during the period. Finally, O Brien Greene & Co. Inc lifted its position in shares of Joint by 20.9% during the 4th 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. 76.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Joint from a "buy" rating to a "hold" rating in a research note on Monday, March 17th.

Joint Price Performance

NASDAQ JYNT traded up $0.07 on Wednesday, reaching $10.40. The company had a trading volume of 21,476 shares, compared to its average volume of 54,968. The Joint Corp. has a 1 year low of $9.58 and a 1 year high of $17.82. The firm has a market capitalization of $159.36 million, a PE ratio of -9.12 and a beta of 1.45. The firm has a 50-day moving average of $11.38 and a 200-day moving average of $11.18.

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.