DallasNews (NASDAQ:DALN) Shares Down 1.1% - Time to Sell?

Key Points

• DallasNews Corporation's shares dropped by 1.1% to $15.78 during midday trading, with an increase in trading volume compared to the average.
• The company reported $0.34 earnings per share and $29.77 million in revenue for the last quarter, reflecting a positive return on equity of 150.61% but a negative net margin of 4.26%.
• Institutional investors own 27.19% of DallasNews' stock, with several firms recently increasing their positions in the company.

DallasNews Corporation (NASDAQ:DALN - Get Free Report) shares fell 1.1% during mid-day trading on Monday . The company traded as low as $15.76 and last traded at $15.78. 117,785 shares traded hands during mid-day trading, an increase of 47% from the average session volume of 79,922 shares. The stock had previously closed at $15.96.

DallasNews Trading Down 1.1%

The company has a market capitalization of $84.42 million, a price-to-earnings ratio of -16.27 and a beta of 0.66. The stock has a 50-day simple moving average of $14.85 and a 200-day simple moving average of $8.37.

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

Institutional Investors Weigh In On DallasNews

Several institutional investors and hedge funds have recently made changes to their positions in DALN. North Capital Inc. bought a new position in DallasNews during the 1st quarter worth $32,000. Virtu Financial LLC bought a new position in DallasNews during the 1st quarter worth $48,000. Cambiar Investors LLC grew its stake in DallasNews by 6.3% during the 1st quarter. Cambiar Investors LLC now owns 50,061 shares of the company's stock worth $228,000 after buying an additional 2,977 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in DallasNews by 6.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 38,400 shares of the company's stock worth $175,000 after buying an additional 2,400 shares during the last quarter. Finally, Teton Advisors Inc. bought a new position in DallasNews during the 1st quarter worth $46,000. 27.19% of the stock is owned by institutional investors and hedge funds.

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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