Millennium Management Amends Joint Corp. Stake on Dec 31, 2023
Ticker: JYNT · Form: SC 13G/A · Filed: Jan 12, 2024 · CIK: 1612630
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-holdings
TL;DR
**Millennium Management just updated their stake in The Joint Corp. as of year-end 2023.**
AI Summary
Millennium Management LLC, a Delaware-based investment firm, filed an amended SC 13G/A on January 12, 2024, indicating a change in their beneficial ownership of The Joint Corp.'s common stock as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that Millennium Management LLC continues to hold a significant, though potentially altered, stake in The Joint Corp. Investors should note that large institutional holdings can influence stock stability and future trading activity.
Why It Matters
This filing shows that a major institutional investor, Millennium Management LLC, is still involved with The Joint Corp., which can provide a level of confidence or scrutiny for other investors.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating ongoing ownership rather than a new, volatile event.
Analyst Insight
Investors should monitor future 13F filings to see if Millennium Management LLC significantly alters its position in The Joint Corp., as large institutional movements can signal shifts in market sentiment or company fundamentals.
Key Numbers
- 47973J102 — CUSIP Number (identifies The Joint Corp.'s common stock)
- 0001273087-24-000010 — Accession Number (unique identifier for this specific SEC filing)
- 005-88412 — SEC File Number (identifies The Joint Corp.'s registration with the SEC)
- $0.001 — Par Value per Share (the nominal value of The Joint Corp.'s common stock)
Key Players & Entities
- Millennium Management LLC (company) — the reporting person and institutional investor
- The Joint Corp. (company) — the subject company whose securities are being reported
- ISRAEL A. ENGLANDER (person) — a group member associated with Millennium Management
- MILLENNIUM GROUP MANAGEMENT LLC (company) — a group member associated with Millennium Management
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- Millennium Management LLC will maintain a significant, but potentially adjusted, stake in The Joint Corp. throughout the first half of 2024. (Millennium Management LLC) — medium confidence, target: June 30, 2024
FAQ
Who filed this SC 13G/A amendment?
Millennium Management LLC, a Delaware-based entity, filed this SC 13G/A amendment, as indicated by the 'NAMES OF REPORTING PERSONS' section on page 2 of the filing.
What is the subject company of this filing?
The subject company is THE JOINT CORP., whose common stock, par value $0.001 per share, is the class of securities being reported, as stated on page 1 of the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on page 1 of the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of The Joint Corp. is 47973J102, as listed on page 1 and page 2 of the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c), as indicated by the checked box on page 1 of the filing.
Filing Stats: 1,544 words · 6 min read · ~5 pages · Grade level 10.1 · Accepted 2024-01-12 16:12:38
Key Financial Figures
- $0.001 — me of Issuer) COMMON STOCK, PAR VALUE $0.001 PER SHARE (Title of Class of Securiti
Filing Documents
- JYNT_SC13GA1.htm (SC 13G/A) — 78KB
- 0001273087-24-000010.txt ( ) — 80KB
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); CUSIP No. 47973J102 SCHEDULE 13G Page 6 of 10 (g) o A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o Group, in accordance with 240.13d-1(b)(1)(ii)(J).
Ownership
Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: See response to Item 9 on each cover page. (b) Percent of Class: See response to Item 11 on each cover page. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote See response to Item 5 on each cover page. CUSIP No. 47973J102 SCHEDULE 13G Page 7 of 10 (ii) Shared power to vote or to direct the vote See response to Item 6 on each cover page. (iii) Sole power to dispose or to direct the disposition of See response to Item 7 on each cover page. (iv) Shared power to dispose or to direct the disposition of See response to Item 8 on each cover page. The securities disclosed herein as potentially beneficially owned by Millennium Management LLC, Millennium Group Management LLC and Mr. Englander are held by entities subject to voting control and investment discretion by Millennium Management LLC and/or other investment managers that may be controlled by Millennium Group Management LLC (the managing member of Millennium Management LLC) and Mr. Englander (the sole voting trustee of the managing member of Millennium Group Management LLC). The foregoing should not be construed in and of itself as an admission by Millennium Management LLC, Millennium Group Management LLC or Mr. Englander as to beneficial ownership of the securities held by such entities.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following þ .
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable.
Identification and Classification of the Subsidiary Which Acquired
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group See Exhibit I.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable.
Certification
Item 10. Certification By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. CUSIP No. 47973J102 SCHEDULE 13G Page 8 of 10 Exhibits: Exhibit I: Joint Filing Agreement, dated as of January 11, 2024, by and among Millennium Management LLC, Millennium Group Management LLC and Israel A. Englander. CUSIP No. 47973J102 SCHEDULE 13G Page 9 of 10 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct. Dated: January 11, 2024 MILLENNIUM MANAGEMENT LLC By: /s/Gil Raviv Name: Gil Raviv Title: Global General Counsel MILLENNIUM GROUP MANAGEMENT LLC By: /s/Gil Raviv Name: Gil Raviv Title: Global General Counsel /s/ Israel A. Englander Israel A. Englander CUSIP No. 47973J102 SCHEDULE 13G Page 10 of 10 EXHIBIT I JOINT FILING AGREEMENT This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the Common Stock, par value $0.001 per share, of The Joint Corp. will be filed on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated: January 11, 2024 MILLENNIUM MANAGEMENT LLC By: /s/Gil Raviv