Arrowstreet Capital Limited Partnership grew its stake in shares of Daily Journal Co. (NASDAQ:DJCO - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,998 shares of the company's stock after buying an additional 1,131 shares during the period. Arrowstreet Capital Limited Partnership owned 0.58% of Daily Journal worth $4,543,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. New Age Alpha Advisors LLC bought a new stake in Daily Journal during the fourth quarter valued at about $37,000. FMR LLC raised its holdings in Daily Journal by 23.9% during the 3rd quarter. FMR LLC now owns 202 shares of the company's stock valued at $99,000 after buying an additional 39 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Daily Journal during the 4th quarter worth about $170,000. Arizona State Retirement System purchased a new position in shares of Daily Journal during the fourth quarter valued at approximately $215,000. Finally, Cross Staff Investments Inc purchased a new stake in Daily Journal in the fourth quarter worth $227,000. 51.23% of the stock is currently owned by institutional investors.
Daily Journal Trading Up 1.3 %
Daily Journal stock traded up $4.85 during trading hours on Friday, hitting $378.97. The company had a trading volume of 8,483 shares, compared to its average volume of 15,568. Daily Journal Co. has a 1 year low of $333.29 and a 1 year high of $602.00. The firm has a market cap of $521.84 million, a P/E ratio of 6.83 and a beta of 0.89. The company has a 50-day moving average price of $396.46 and a two-hundred day moving average price of $479.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 12.31.
Daily Journal (NASDAQ:DJCO - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $7.91 earnings per share for the quarter. Daily Journal had a return on equity of 20.64% and a net margin of 106.63%. The firm had revenue of $17.70 million during the quarter.
Daily Journal Profile
(
Free Report)
Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers of general circulation, including Los Angeles Daily Journal, San Francisco Daily Journal, Daily Commerce, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, Business Journal, The Daily Transcript, and The Record Reporter.
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