( ) has been the subject of a significant decrease in short interest for the month of April. On April 15th there were 88,600 shorted shares. This is a 12.1% decrease from March 31st's total of 100 800 shares. The short-interest rate is currently 3.3 based on an average trading volume (26,800 shares). Short-selling is currently 1.9% of the stock.
DallasNews Trading down 2.2 %
Trading at midday on Tuesday saw a $0.10 decline, bringing the price to $4.40. Stock of the company traded 15,340 shares compared to 25,002 average. The stock's market cap is $23.55 millions, with a P/E of -2.42. It also has a beta value of 0.79. The company's fifty-day simple moving is $4.40, and its 200-day simple moving is $4.48. The company released its last earnings report on Thursday, 9th March. The company reported $0.40 earnings per share for the third quarter. DallasNews reported a negative net profit margin of 6.53%, and a return on equity (ROE) of 47.63%. Revenue for the business was $39.10 millions during the third quarter.
DallasNews Announces Dividend
A quarterly dividend was also declared by the company, and will be paid out on Friday, 2nd June. Investors who are in the records on Friday, May 12, will receive a $0.16 quarterly dividend. This is a $0.64 dividend with a yield 14.55%. This dividend will be paid on Thursday, May 11, 2019. DallasNews has a dividend payout ratio of -35.16%.
Institutional Trading of DallasNews
Recently, several institutional investors bought and sold DALN shares. North Star Investment Management Corp. increased its stake in DallasNews in the third quarter by 50.0%. North Star Investment Management Corp. owns now 357,356 of the company’s stock valued $1,658,000, after purchasing an additional 119154 shares during the last quarter. Jane Street Group LLC purchased a new DallasNews position worth $45,000 in the fourth quarter. Bank of America Corp DE increased its stake in DallasNews in the first three months by 12.5%. Bank of America Corp DE owns now 73,449 of the company’s shares worth $515,000 following the purchase of 8,157 additional shares during the last quarter. Geode Capital Management LLC increased its holding in DallasNews in the fourth-quarter by 12.6%. Geode Capital Management LLC owns 35.101 shares worth $134,000, after buying an additional 3.920 shares during the last quarter. Institutional investors and hedge fund own 35.63 % of the company’s stock.
DallasNews Company profile
DallasNews Corp., a news-and-information publishing company, owns and operates businesses in commercial printing, direct mail, and distribution. The company operates in two segments: Marketing and Publishing. The Publishing segment comprises The Dallas Morning News, as well as niche publications that target specific audiences.
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