Insider Buying: DallasNews Co. (NASDAQ:DALN) Major Shareholder Acquires $150,000.00 in Stock

DallasNews Co. (NASDAQ:DALN) major shareholder Robert W. Decherd bought 25,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $6.00 per share, for a total transaction of $150,000.00. Following the completion of the acquisition, the insider now directly owns 515,533 shares in the company, valued at $3,093,198. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

DallasNews Stock Performance

DALN stock opened at $4.53 on Friday. The firm has a market cap of $24.24 million, a PE ratio of -4.19 and a beta of 0.69. DallasNews Co. has a one year low of $2.98 and a one year high of $4.90. The firm’s 50 day moving average price is $4.00 and its 200-day moving average price is $3.86.

DallasNews (NASDAQ:DALN) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.27 EPS for the quarter. The business had revenue of $32.06 million for the quarter. DallasNews had a negative return on equity of 110.67% and a negative net margin of 2.68%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DALN. Renaissance Technologies LLC boosted its position in shares of DallasNews by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 196,739 shares of the company’s stock worth $706,000 after purchasing an additional 4,800 shares during the period. Cambiar Investors LLC lifted its stake in DallasNews by 184.9% during the second quarter. Cambiar Investors LLC now owns 30,917 shares of the company’s stock worth $111,000 after purchasing an additional 20,066 shares in the last quarter. Finally, Worth Asset Management LLC boosted its position in shares of DallasNews by 26.6% during the first quarter. Worth Asset Management LLC now owns 18,231 shares of the company’s stock worth $70,000 after buying an additional 3,836 shares during the period. Hedge funds and other institutional investors own 27.19% of the company’s stock.

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.