JOINT CORP JYNT
COM · Common Stock · CUSIP 47973J102 · ISIN US47973J1025
- SectorFinancials
- IndustryPatent Owners & Lessors
- HeadquartersScottsdale, AZ
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($28 this quarter). Holder counts are more reliable. Shares outstanding: 14.8m as of 2023-09-11, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $13.71. Options: 7 managers hold calls ($1.7m notional), 6 hold puts ($679.0k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 135 |
| Q4 2022 | 131 |
| Q1 2023 | 105 |
| Q2 2023 | 100 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 55 | 65 |
| Q1 2023 | 50 | 71 |
| Q2 2023 | 46 | 59 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.8m | $1.9m | 1.03 |
| Q4 2022 | $1.5m | $1.2m | 0.77 |
| Q1 2023 | $2.8m | $1.2m | 0.43 |
| Q2 2023 | $1.7m | $679.0k | 0.39 |
Biggest buyers
| ALTA FOX CAPITAL MANAGEMENT, LLC | Added | +419.7k |
| JCP Investment Management, LLC | New | +97.8k |
| BANK OF MONTREAL /CAN/ | New | +79.4k |
| VANGUARD GROUP INC | Added | +74.4k |
| Man Group plc | New | +70.5k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +59.3k |
| Bandera Partners LLC | Added | +50.0k |
| DIMENSIONAL FUND ADVISORS LP | Added | +49.5k |
| UBS Group AG | Added | +38.7k |
| COOPER CREEK PARTNERS MANAGEMENT LLC | New | +32.8k |
Biggest sellers
| MILLENNIUM MANAGEMENT LLC | Reduced | -196.8k |
| MORGAN STANLEY | Reduced | -117.4k |
| JPMORGAN CHASE & CO | Reduced | -109.9k |
| Allspring Global Investments Holdings, LLC | Sold out | -106.0k |
| MARSHALL WACE, LLP | Reduced | -60.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -51.2k |
| CITADEL ADVISORS LLC | Reduced | -45.0k |
| TWO SIGMA ADVISERS, LP | Reduced | -43.0k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -37.4k |
| Walleye Capital LLC | Reduced | -36.2k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.0m76.7k shares |
| SIMPLEX TRADING, LLC | Added | $349.0k25.9k shares |
| UBS Group AG | Reduced | $283.5k21.0k shares |
| PEAK6 Investments LLC | New | $60.8k4.5k shares |
| Walleye Capital LLC | Unchanged | $17.6k1.3k shares |
| GROUP ONE TRADING LLC | New | $1.4k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $392.9k29.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $143.1k10.6k shares |
| PEAK6 Investments LLC | New | $128.2k9.5k shares |
| Walleye Capital LLC | Added | $12.2k900 shares |
| GROUP ONE TRADING LLC | New | $2.7k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Bandera Partners LLC 13D · may seek influence +1.4 pts · filed 2026-03-16 | 27.9% |
| JOBSON CHARLES E 13G · exempt (held before listing) +1.1 pts · filed 2026-05-15 | 12.5% |
| Skylands Capital, LLC 13G · institution +0.9 pts · filed 2026-01-08 | 6.0% |
Fell to 5% or below in the last year: BlackRock, Inc. (1.9%, 2026-07-28), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 2 | $99.9k | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-28 | Bandera Partners LLC +2 10% owner · See footnote | Bought | $10.0k769 shares |
| 2023-06-27 | Bandera Partners LLC +2 10% owner · See footnote | Bought | $27.8k2.1k shares |
| 2023-06-26 | Bandera Partners LLC +2 10% owner · See footnote | Bought | $21.5k1.6k shares |
| 2023-06-23 | Bandera Partners LLC +2 10% owner · See footnote | Bought | $217.9k16.7k shares |
| 2023-06-22 | Bandera Partners LLC +2 10% owner · See footnote | Bought | $5.7k437 shares |
| 2023-06-21 | Bandera Partners LLC +2 10% owner · See footnote | Bought | $91.4k7.0k shares |
| 2023-06-14 | Bandera Partners LLC +2 10% owner · See footnote | Bought | $214.7k16.5k shares |
| 2023-06-12 | Bandera Partners LLC +2 10% owner · See footnote | Bought | $64.2k4.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Bandera Partners LLC 15.19% of their portfolio | 2.6m $35.8m | Added +50.0k |
| BlackRock Inc. 0.00% of their portfolio | 1.0m $13.8m | Added +32.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.0m $13.7m | Added +74.4k |
| ALTA FOX CAPITAL MANAGEMENT, LLC 9.98% of their portfolio | 721.4k $12.1m | Added +419.7k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 524.6k $7.1m | Reduced -196.8k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 429.6k $5.8m | Reduced -31.8k |
| Skylands Capital, LLC 0.78% of their portfolio | 402.9k $5.4m | Reduced -24.2k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 402.8k $5.4m | Added +9.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 350.0k $4.7m | Added +15.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 300.7k $4.1m | Reduced -2.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 280.5k $3.8m | Added +6.6k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 264.6k $3.6m | Added +49.5k |
| STATE STREET CORP 0.00% of their portfolio | 254.9k $3.4m | Added +3.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 254.2k $3.4m | Added +59.3k |
| MORGAN STANLEY 0.00% of their portfolio | 242.6k $3.3m | Reduced -117.4k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 152.2k $2.1m | Reduced -37.4k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 130.8k $1.8m | Reduced -1.1k |
| ROYCE & ASSOCIATES LP 0.02% of their portfolio | 127.5k $1.7m | Unchanged |
| Walleye Capital LLC 0.03% of their portfolio | 117.8k $1.6m | Reduced -36.2k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 116.1k $1.6m | Reduced -60.4k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 116.0k $1.6m | Reduced -43.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 109.4k $1.5m | Added +477 |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 98.4k $1.3m | Added +28.2k |
| JCP Investment Management, LLC 1.10% of their portfolio | 97.8k $1.3m | New |
| O'Brien Greene & Co. Inc 0.43% of their portfolio | 91.0k $1.2m | Added +30.0k |
| GSA CAPITAL PARTNERS LLP 0.12% of their portfolio | 88.2k $1.2m | Reduced -5.0k |
| VERUS CAPITAL PARTNERS, LLC 0.17% of their portfolio | 87.4k $1.2m | Reduced -7.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 85.7k $1.2m | Reduced -5.0k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 80.9k $1.1m | Added +26.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 80.7k $1.1m | Reduced -45.0k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 79.4k $1.2m | New |
| NORGES BANK 0.00% of their portfolio | 76.6k $1.0m | Reduced -34.9k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 72.8k $983.0k | Reduced -3.6k |
| Man Group plc 0.00% of their portfolio | 70.5k $952.2k | New |
| BARD ASSOCIATES INC 0.35% of their portfolio | 67.7k $914.5k | Added +255 |
| Trexquant Investment LP 0.02% of their portfolio | 66.5k $897.3k | Reduced -7.9k |
| Grandeur Peak Global Advisors, LLC 0.06% of their portfolio | 61.9k $835.8k | Unchanged |
| HRT FINANCIAL LP 0.01% of their portfolio | 54.7k $738.0k | Reduced -33.8k |
| ADELL HARRIMAN & CARPENTER INC 0.07% of their portfolio | 50.0k $674.0k | Unchanged |
| GREENWOOD CAPITAL ASSOCIATES LLC 0.09% of their portfolio | 48.4k $653.8k | Reduced -510 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 45.2k $610.2k | Added +5.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 45.1k $608.6k | Reduced -1.1k |
| UBS Group AG 0.00% of their portfolio | 39.3k $529.9k | Added +38.7k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 36.5k $492.8k | Added +10.3k |
| COOPER CREEK PARTNERS MANAGEMENT LLC 0.03% of their portfolio | 32.8k $443.0k | New |
| CORNERCAP INVESTMENT COUNSEL INC 0.07% of their portfolio | 31.5k $425.5k | New |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 31.3k $422.9k | Reduced -33.8k |
| Boston Partners 0.00% of their portfolio | 29.5k $398.7k | Added +5.2k |
| Squarepoint Ops LLC 0.00% of their portfolio | 26.6k $359.5k | Reduced -19.0k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 25.8k $348.0k | New |
| Engineers Gate Manager LP 0.01% of their portfolio | 24.4k $329.6k | Reduced -5.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 23.9k $322.6k | Added +3.1k |
| Petrus Trust Company, LTA 0.03% of their portfolio | 22.7k $306.2k | Added +6.0k |
| Quadrature Capital Ltd 0.01% of their portfolio | 22.5k $302.6k | Reduced -8.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 21.7k $293.2k | Added +1.7k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 20.4k $276.0k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 19.2k $259.7k | Reduced -11.5k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 18.5k $249.9k | Added +421 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 17.5k $236.9k | Reduced -109.9k |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 15.7k $212.0k | Reduced -31.6k |
| Legacy Wealth Asset Management, LLC 0.07% of their portfolio | 15.3k $206.6k | Unchanged |
| STRS OHIO 0.00% of their portfolio | 14.9k $201.0k | Reduced -26.2k |
| Mesirow Financial Investment Management, Inc. 0.83% of their portfolio | 14.5k $196.1k | Reduced -2.2k |
| ALGERT GLOBAL LLC 0.01% of their portfolio | 13.5k $181.8k | Reduced -3.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 11.5k $155.5k | New |
| XTX Topco Ltd 0.03% of their portfolio | 11.2k $150.7k | Reduced -1.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 10.7k $144.2k | Added +37 |
| BARCLAYS PLC 0.00% of their portfolio | 10.6k $143.2k | Reduced -2.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 10.1k $137.0k | Added +103 |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 10.0k $135.0k | Unchanged |
| Hillsdale Investment Management Inc. 0.01% of their portfolio | 8.1k $109.3k | New |
| MetLife Investment Management, LLC 0.00% of their portfolio | 8.0k $108.6k | Unchanged |
| Avondale Wealth Management 0.09% of their portfolio | 8.0k $108.0k | Added +3.5k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 6.9k $92.5k | Added +67 |
| PEAK6 Investments LLC 0.01% of their portfolio | 6.8k $91.5k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 6.8k $91.3k | Reduced -4.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 5.9k $80.3k | Added +3.2k |
| FMR LLC 0.00% of their portfolio | 5.7k $76.9k | Reduced -7.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 4.7k $64.0k | Reduced -491 |
| CITIGROUP INC 0.00% of their portfolio | 4.2k $57.2k | New |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 4.0k $54.0k | Unchanged |
| State of Wyoming 0.01% of their portfolio | 3.7k $49.8k | Reduced -283 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 3.6k $48.7k | Reduced -6.3k |
| Point72 Middle East FZE 0.00% of their portfolio | 3.4k $45.3k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 3.0k $41.0k | Added +61 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 2.2k $30.4k | Added +686 |
| AMALGAMATED BANK 0.00% of their portfolio | 2.2k $29.0k | Added +207 |
| Legal & General Group Plc 0.00% of their portfolio | 1.8k $24.1k | Added +48 |
| Aquatic Capital Management LLC 0.00% of their portfolio | 1.2k $16.0k | Reduced -100 |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 1.1k $14.3k | Unchanged |
| Metropolitan Life Insurance Co/NY 0.00% of their portfolio | 943 $12.7k | New |
| Quantbot Technologies LP 0.00% of their portfolio | 937 $12.7k | Reduced -1.5k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 528 $7.1k | Unchanged |
| Colonial Trust Co / SC 0.00% of their portfolio | 224 $3.1k | Unchanged |
| AdvisorNet Financial, Inc 0.00% of their portfolio | 161 $2.2k | New |
| Global Retirement Partners, LLC 0.00% of their portfolio | 151 $2.0k | Unchanged |
| Fairfield Financial Advisors, LTD 0.00% of their portfolio | 100 $1.4k | Unchanged |
| ADIRONDACK RETIREMENT SPECIALISTS, INC. 0.00% of their portfolio | 6 $81 | Unchanged |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 1 $14 | Reduced -13.9k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |