DallasNews (NASDAQ:DALN) Trading Up 0.8% - Time to Buy?

Key Points

• DallasNews Corporation's stock price increased by 0.8% to $14.81, but trading volume was significantly lower at 89,753 shares, a 76% decrease from the average daily volume.
• The company reported a net margin of 24.13% and a return on equity of 265.86%, with quarterly earnings per share of $5.28 and revenue of $29.13 million.
• Institutional investors own 27.19% of DallasNews, with several firms, such as North Capital Inc. and Virtu Financial LLC, making new stakes in the company recently.

DallasNews Corporation (NASDAQ:DALN - Get Free Report) shares shot up 0.8% during mid-day trading on Monday . The stock traded as high as $14.92 and last traded at $14.81. 89,753 shares were traded during trading, a decline of 76% from the average session volume of 377,864 shares. The stock had previously closed at $14.69.

DallasNews Stock Up 0.1%

The firm has a market cap of $79.37 million, a price-to-earnings ratio of -15.29 and a beta of 0.42. The company's 50-day moving average price is $7.47 and its 200-day moving average price is $6.18.

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. DallasNews had a negative net margin of 4.26% and a positive return on equity of 217.57%. The firm had revenue of $29.77 million for the quarter.

Institutional Trading of DallasNews

Large investors have recently made changes to their positions in the company. North Capital Inc. purchased a new stake in shares of DallasNews during the first quarter worth approximately $32,000. Teton Advisors Inc. purchased a new stake in shares of DallasNews during the first quarter worth approximately $46,000. Virtu Financial LLC purchased a new stake in shares of DallasNews during the first quarter worth approximately $48,000. Gamco Investors INC. ET AL increased its stake in shares of DallasNews by 6.7% during the first 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 period. Finally, Cambiar Investors LLC increased its stake 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 buying an additional 2,977 shares during the period. 27.19% of the stock is currently owned by hedge funds and other institutional investors.

DallasNews Company Profile

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.