Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Releases 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) announced its quarterly earnings results on Thursday. The company reported $10.47 earnings per share for the quarter, Zacks reports. Daily Journal Corp. (S.C.) had a return on equity of 32.13% and a net margin of 122.18%. The firm had revenue of $23.41 million for the quarter.

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

Shares of DJCO traded down $3.37 during midday trading on Friday, hitting $426.12. 59,459 shares of the company traded hands, compared to its average volume of 54,057. The stock has a 50-day moving average of $408.43 and a 200-day moving average of $402.16. Daily Journal Corp. has a one year low of $359.34 and a one year high of $602.00. The firm has a market cap of $588.05 million, a P/E ratio of 6.07 and a beta of 0.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 15.14 and a quick ratio of 15.14.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of Daily Journal Corp. (S.C.) in the 1st quarter valued at about $383,000. Engineers Gate Manager LP purchased a new position in Daily Journal Corp. (S.C.) in the 2nd quarter worth approximately $440,000. Legal & General Group Plc grew its position in shares of Daily Journal Corp. (S.C.) by 10.4% in the 2nd quarter. Legal & General Group Plc now owns 1,264 shares of the company's stock worth $534,000 after buying an additional 119 shares during the last quarter. Royal Bank of Canada grew its position in shares of Daily Journal Corp. (S.C.) by 124.1% in the 1st quarter. Royal Bank of Canada now owns 1,423 shares of the company's stock worth $566,000 after buying an additional 788 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Daily Journal Corp. (S.C.) by 93.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,607 shares of the company's stock worth $679,000 after buying an additional 778 shares during the last quarter. 51.23% of the stock is currently owned by institutional investors.

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.

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