DallasNews Co. (NASDAQ:DALN) Major Shareholder Robert W. Decherd Buys 25,000 Shares

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

DallasNews Stock Down 0.7 %

DALN opened at $4.47 on Friday. The stock’s 50 day moving average price is $3.98 and its two-hundred day moving average price is $3.85. DallasNews Co. has a 12-month low of $2.98 and a 12-month high of $4.90.

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

Institutional Trading of DallasNews

Several institutional investors have recently modified their holdings of DALN. Renaissance Technologies LLC lifted its holdings in DallasNews by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 196,739 shares of the company’s stock valued at $706,000 after purchasing an additional 4,800 shares during the last quarter. Cambiar Investors LLC increased its holdings in shares of 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 buying an additional 20,066 shares in the last quarter. Finally, Worth Asset Management LLC raised its stake in shares of DallasNews by 26.6% in the first quarter. Worth Asset Management LLC now owns 18,231 shares of the company’s stock valued at $70,000 after acquiring an additional 3,836 shares during the last quarter. Institutional investors and hedge funds own 27.19% of the company’s stock.

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.