5 Stocks to Invest In According to Stephen White’s SW Investment

4. The Joint Corp. (NASDAQ: JYNT)

White’s Stake Value: $33,568,000
Percentage of Stephen White’s 13F Portfolio: 12.84%
Number of Hedge Fund Holders: 22

The Joint Corp. (NASDAQ: JYNT) develops, owns, operates, supports, and manages chiropractic clinics. It was founded in 2010 and is placed fourth on the list of 10 stocks to invest in according to Stephen White’s SW Investment. The Joint Corp. (NASDAQ: JYNT) shares have offered investors more than 370.74% in returns over the course of the past 12 months.

On August 9, DA Davidson analyst Linda Bolton Weiser raised the price target on The Joint Corp. (NASDAQ: JYNT) to $128 from $65 and maintained a “Buy” rating on the shares. On August 5, the company posted earnings for the second quarter of 2021. The company declared earnings per share of $0.18, beating the estimates by $0.12. In addition, the revenue over the period was $20.2 million, up 60.4% YoY, surpassing the expectations by $2.36 million.

SW Investment holds 400,000 shares in The Joint Corp. (NASDAQ: JYNT), worth over $33 million. This represents 12.84% of their portfolio. The latest data reveals that the hedge fund’s stake in The Joint Corp. (NASDAQ: JYNT) stock decreased by 55% in the second quarter. There were 22 hedge funds in our database that held stakes in The Joint Corp. (NASDAQ: JYNT) in the second quarter, compared to 21 funds in the quarter earlier.

1 Main Capital, in its fourth-quarter 2021 investor letter, mentioned The Joint Corp. (NASDAQ: JYNT). Here is what the fund said:

“The Joint (JYNT) is a rapidly growing franchisor (~90% of locations) and owner (~10% of locations) of nearly 600 chiropractic clinics across the U.S. that operate on a private-pay, cash-based model. The company was founded over 20 years ago, with the vision of improving the quality of life for its customers through routine chiropractic care that is convenient, affordable, and patient-centric.…” (Click here to see the full text)