DallasNews (NASDAQ:DALN) Major Shareholder Sells $9,776,926.50 in Stock

Key Points

• Robert Decherd, a major shareholder of DallasNews Corporation, sold 592,541 shares worth $9,776,926.50 at an average price of $16.50 on September 24th.
• DallasNews stock recently traded at $16.51, with a market capitalization of $88.30 million and a 1-year price range between $3.66 and $16.52.
• The company reported $0.34 earnings per share for the last quarter, with revenue of $29.77 million and a positive return on equity of 150.61%.

DallasNews Corporation (NASDAQ:DALN - Get Free Report) major shareholder Robert Decherd sold 592,541 shares of the business's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $16.50, for a total value of $9,776,926.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

DallasNews Stock Performance

Shares of NASDAQ:DALN traded up $0.01 during trading hours on Thursday, hitting $16.51. The stock had a trading volume of 309,075 shares, compared to its average volume of 105,918. The stock's fifty day simple moving average is $14.97 and its 200 day simple moving average is $8.49. The firm has a market capitalization of $88.30 million, a price-to-earnings ratio of -17.02 and a beta of 0.66. DallasNews Corporation has a 1-year low of $3.66 and a 1-year high of $16.52.

DallasNews (NASDAQ:DALN - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.34 earnings per share for the quarter. The firm had revenue of $29.77 million during the quarter. DallasNews had a positive return on equity of 150.61% and a negative net margin of 4.26%.

Institutional Trading of DallasNews

A number of large investors have recently added to or reduced their stakes in the business. North Capital Inc. acquired a new position in DallasNews in the 1st quarter valued at approximately $32,000. Virtu Financial LLC acquired a new position in shares of DallasNews in the first quarter worth $48,000. Cambiar Investors LLC raised its holdings in shares of DallasNews by 6.3% during the first quarter. Cambiar Investors LLC now owns 50,061 shares of the company's stock worth $228,000 after acquiring an additional 2,977 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in DallasNews by 6.7% during the first quarter. Gamco Investors INC. ET AL now owns 38,400 shares of the company's stock valued at $175,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Teton Advisors Inc. purchased a new position in DallasNews in the first quarter valued at about $46,000. 27.19% of the stock is currently owned by institutional investors.

About DallasNews

DallasNews Corporation, together with its subsidiaries, publishes and sells newspapers in Texas. The company operates The Dallas Morning News, a newspaper; dallasnews.com a digital platform; The News, a metropolitan newspaper; and Al Dia, an online Spanish-language newspapers. It also offers digital advertising and marketing services, such as strategic marketing services, consulting, branding, paid media strategy and management, creative services, search optimization, direct mail, and sale of promotional materials, as well as provides multi-channel marketing solutions through subscription sales of the company's cloud-based software.

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