Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Daily Journal from “sell” to “hold,” while Weiss Ratings also modestly raised its assessment; the stock’s consensus rating is Hold.
• DJCO traded at $661.28, down $1.72 on Friday, within its 52-week range of $378.67 to $692.50.
• The company reported a quarterly loss of $7.90 per share on $26.98 million in revenue; institutional investors and hedge funds own 51.23% of its shares.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday, Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Daily Journal Corp. (S.C.) from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock presently has an average rating of "Hold".

Daily Journal Corp. (S.C.) Price Performance

DJCO traded down $1.72 on Friday, hitting $661.28. 34,692 shares of the company's stock were exchanged, compared to its average volume of 39,811. Daily Journal Corp. has a fifty-two week low of $378.67 and a fifty-two week high of $692.50. The company has a current ratio of 11.65, a quick ratio of 11.65 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $639.84 and a 200-day moving average price of $567.26. The stock has a market cap of $912.57 million, a price-to-earnings ratio of -80.45 and a beta of 0.83.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($7.90) earnings per share (EPS) for the quarter. The business had revenue of $26.98 million for the quarter. Daily Journal Corp. (S.C.) had a negative return on equity of 3.11% and a negative net margin of 11.63%.

Hedge Funds Weigh In On Daily Journal Corp. (S.C.)

Several institutional investors and hedge funds have recently bought and sold shares of DJCO. Marshall Wace LLP lifted its holdings in Daily Journal Corp. (S.C.) by 241.7% in the third quarter. Marshall Wace LLP now owns 6,946 shares of the company's stock valued at $4,489,000 after acquiring an additional 4,913 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in Daily Journal Corp. (S.C.) during the third quarter worth $1,195,000. Allspring Global Investments Holdings LLC raised its position in Daily Journal Corp. (S.C.) by 4.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,412 shares of the company's stock valued at $912,000 after purchasing an additional 54 shares during the period. Engineers Gate Manager LP purchased a new stake in Daily Journal Corp. (S.C.) in the second quarter valued at $583,000. Finally, Arizona State Retirement System purchased a new stake in Daily Journal Corp. (S.C.) in the second quarter valued at $217,000. 51.23% of the stock is currently owned by institutional investors and hedge funds.

Daily Journal Corp. (S.C.) Company Profile

Daily Journal Corporation is a California-based publishing and technology company. Its publishing operations produce legal newspapers and other specialized publications, including the Los Angeles Daily Journal and San Francisco Daily Journal, serving attorneys, courts, businesses and public-sector readers. The company also operates Journal Technologies, which develops software for courts and other justice-system agencies. Its products support functions such as case management, electronic filing and court operations.

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