Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Sees Large Volume Increase - What's Next?

Key Points

• Daily Journal Corp. (S.C.) experienced a 23% increase in trading volume, with approximately 72,407 shares exchanged on Thursday compared to 58,888 shares in the previous session.
• The company has a market capitalization of $577.34 million and reported earnings of $10.47 per share with a net margin of 122.18% during its last quarterly earnings release.
• Analysts from Weiss Ratings have reissued a "hold (c+)" rating for Daily Journal Corp., suggesting a consensus rating of "Hold" for the stock.

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 72,407 shares traded hands during mid-day trading, an increase of 23% from the previous session's volume of 58,888 shares.The stock last traded at $419.38 and had previously closed at $413.21.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold".

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

The firm has a market capitalization of $577.34 million, a P/E ratio of 5.94 and a beta of 0.83. The company has a current ratio of 12.42, a quick ratio of 12.41 and a debt-to-equity ratio of 0.07. The business's 50 day simple moving average is $448.51 and its two-hundred day simple moving average is $418.29.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $10.47 earnings per share for the quarter. The business 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%.

Institutional Trading of Daily Journal Corp. (S.C.)

A number of institutional investors have recently made changes to their positions in the stock. RWWM Inc. boosted its holdings in shares of Daily Journal Corp. (S.C.) by 2.9% during the 2nd quarter. RWWM Inc. now owns 334,902 shares of the company's stock valued at $141,412,000 after acquiring an additional 9,483 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Daily Journal Corp. (S.C.) by 543.3% in the second quarter. BNP Paribas Financial Markets now owns 10,157 shares of the company's stock worth $4,289,000 after buying an additional 8,578 shares during the last quarter. HRT Financial LP boosted its holdings in shares of Daily Journal Corp. (S.C.) by 51.5% in the second quarter. HRT Financial LP now owns 7,479 shares of the company's stock worth $3,158,000 after buying an additional 2,542 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 second quarter. Jane Street Group LLC now owns 5,729 shares of the company's stock worth $2,419,000 after buying an additional 4,767 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of Daily Journal Corp. (S.C.) by 445.9% in the second quarter. Quantbot Technologies LP now owns 4,968 shares of the company's stock worth $2,098,000 after buying an additional 4,058 shares during the last quarter. Hedge funds and other institutional investors 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.

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