Do You Believe in the Long-Term Growth Prospects of The Joint Corp. (JYNT)?

Investment management company LVS Advisory, a New York City-based full-service investment firm, recently released its first-quarter 2023 investor letter. A copy of the same can be downloaded here. The defensive portfolio of the fund gained 0.6% (net of all fees and expenses) in the first quarter compared to the 4.2% gain for its benchmark the High-Yield Bond Index. On the other hand, its Growth Portfolio gained 8.1% in the quarter compared to 7.5% for its benchmark, S&P 500 Total Return Index. For more information on the fund’s top picks in 2023, please check its top five holdings.

LVS Advisory highlighted stocks like The Joint Corp. (NASDAQ:JYNT) in the first quarter 2023 investor letter. Headquartered in Scottsdale, Arizona, The Joint Corp. (NASDAQ:JYNT) owns and operates chiropractic clinics. On April 13, 2023, The Joint Corp. (NASDAQ:JYNT) stock closed at $15.74 per share. One-month return of The Joint Corp. (NASDAQ:JYNT) was -2.18%, and its shares lost 53.04% of their value over the last 52 weeks. The Joint Corp. (NASDAQ:JYNT) has a market capitalization of $229.346 million.

LVS Advisory made the following comment about The Joint Corp. (NASDAQ:JYNT) in its Q1 2023 investor letter:

“We also added to our holding in The Joint Corp. (NASDAQ:JYNT). We have owned The Joint on and off since May 2020. We re-entered the stock last spring after a 70% decline in the price. We have gradually added over the past year due to our belief in the quality of the asset and the long-term growth prospects of the business. I plan to share a more detailed analysis later this year.”

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The Joint Corp. (NASDAQ:JYNT) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 17 hedge fund portfolios held The Joint Corp. (NASDAQ:JYNT) at the end of the fourth quarter which was 20 in the previous quarter.

We discussed The Joint Corp. (NASDAQ:JYNT) in another article and shared market recession theories and the list stocks to sell according to analysts. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.