Joint Corp, Fortress Investment Group LLC: Glenhill Advisors Increases its Stake; Bass, Konawalik, and Brooks Receive Additional Shares

Joint Corp (NASDAQ:JYNT) is a franchisor of chiropractic clinics operating in the United States since 2010. In addition to the newly elected members to its Board of Directors, the company appointed a new CFO at the end of 2014. Around the same time, the firm revealed it had achieved a third quarter revenue of $1.8 million, representing a 23% increase compared to the same quarter in 2013. Hence, Glenhill Advisors has reason to remain bullish regarding the equity, which has gained 5.8% since the beginning of the year.

Shares of Fortress Investment Group LLC (NYSE:FIG) on the other hand, have not been performing as well. Not only has the stock lost around 12% of its value of the past year, but Credit Suisse has recently downgraded the equity from an “outperform” to a “neutral” rating. Nevertheless, the company’s aforementioned executives have reason to remain optimistic, as the investment management firm enjoys significant backing from major institutional investors. Amongst the financial institutions betting on Fortress Investment Group LLC (NYSE:FIG) is Jody Lanasa and Vivian Lau’s Serengeti Asset Management, which holds a stake of 7.6 million shares. Michael Barnes and Arif Inayatullah’s Tricadia Capital Management also seems quite bullish regarding this stock, as it owns a position amounting to 5.4 million shares. Another financial institution betting on Fortress Investment Group is Ric Dillon’s Diamond Hill Capital, with a holding of 3.5 million shares. Furthermore, the equity has gained almost 60% over a five year period, thus turning out to be a profitable long-term investment.

Disclosure: none.