Cambiar Investors LLC raised its stake in shares of DallasNews Co. (NASDAQ:DALN – Free Report) by 52.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,084 shares of the company’s stock after buying an additional 16,167 shares during the period. Cambiar Investors LLC owned 0.88% of DallasNews worth $197,000 at the end of the most recent quarter.
Separately, Renaissance Technologies LLC boosted its holdings 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 buying an additional 4,800 shares during the period. 27.19% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other DallasNews news, major shareholder Robert W. Decherd bought 25,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the insider now directly owns 515,533 shares in the company, valued at $3,093,198. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.90% of the stock is currently owned by company insiders.
DallasNews Price Performance
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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