Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Issues Quarterly Earnings Results

Key Points

• Daily Journal Corp. reported quarterly earnings of $10.47 earnings per share with a net margin of 122.18% and revenue of $23.41 million.
• Despite strong earnings, DJCO shares fell by $3.37 to $426.12 during midday trading, with a market cap of $588.05 million.
• Institutional investors have recently increased their holdings in Daily Journal Corp., with a total ownership of 51.23% of the stock.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) issued its quarterly earnings results on Thursday, August 14th. The company reported $10.47 earnings per share for the quarter, Zacks reports. The company had revenue of $23.41 million during the quarter. Daily Journal Corp. (S.C.) had a net margin of 122.18% and a return on equity of 30.90%.

Daily Journal Corp. (S.C.) Stock Down 5.8%

Shares of DJCO traded down $26.79 during mid-day trading on Thursday, hitting $436.19. 45,567 shares of the company's stock were exchanged, compared to its average volume of 37,043. The company has a market cap of $600.63 million, a PE ratio of 6.21 and a beta of 0.82. Daily Journal Corp. has a 52 week low of $359.34 and a 52 week high of $602.00. The company has a 50-day simple moving average of $410.22 and a 200 day simple moving average of $402.73. The company has a debt-to-equity ratio of 0.07, a current ratio of 12.42 and a quick ratio of 15.14.

Institutional Investors Weigh In On Daily Journal Corp. (S.C.)

Several large investors have recently made changes to their positions in DJCO. BNP Paribas Financial Markets boosted its holdings in shares of Daily Journal Corp. (S.C.) by 543.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 10,157 shares of the company's stock valued at $4,289,000 after buying an additional 8,578 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Daily Journal Corp. (S.C.) by 495.5% in the 2nd quarter. Jane Street Group LLC now owns 5,729 shares of the company's stock valued at $2,419,000 after buying an additional 4,767 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Daily Journal Corp. (S.C.) in the 2nd quarter valued at approximately $1,373,000. HRT Financial LP boosted its holdings in shares of Daily Journal Corp. (S.C.) by 51.5% in the 2nd quarter. HRT Financial LP now owns 7,479 shares of the company's stock valued at $3,158,000 after buying an additional 2,542 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Daily Journal Corp. (S.C.) in the 2nd quarter valued at approximately $440,000. Institutional investors and hedge funds own 51.23% of the company's stock.

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

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.