DallasNews Co. (NASDAQ:DALN – Get Free Report) 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 – Get Free Report) 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
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.
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