Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Sees Strong Trading Volume - Still a Buy?

Key Points

• Daily Journal Corp. (S.C.) experienced a trading volume of 34,765 shares, a 17% decrease from the previous day, with the stock price at $466.50.
• The company reported a quarterly EPS of $10.47 and revenue of $23.41 million, alongside a net margin of 122.18% and a return on equity of 30.90%.
• Institutional ownership of Daily Journal Corp. stands at 51.23%, with several firms increasing their stakes, indicating growing investor interest.

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) saw strong trading volume on Wednesday . 34,765 shares traded hands during trading, a decline of 17% from the previous session's volume of 41,745 shares.The stock last traded at $466.50 and had previously closed at $465.14.

Daily Journal Corp. (S.C.) Trading Up 1.4%

The firm has a 50-day moving average price of $442.71 and a 200 day moving average price of $415.04. The company has a market cap of $650.93 million, a price-to-earnings ratio of 6.72 and a beta of 0.87. The company has a current ratio of 12.42, a quick ratio of 12.41 and a debt-to-equity ratio of 0.07.

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 EPS for the quarter. The firm 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 Investors Weigh In On Daily Journal Corp. (S.C.)

Institutional investors and hedge funds have recently bought and sold shares of the business. RWWM Inc. boosted its holdings in shares of Daily Journal Corp. (S.C.) by 2.7% during the first quarter. RWWM Inc. now owns 325,419 shares of the company's stock valued at $129,432,000 after acquiring an additional 8,705 shares during the period. Strs Ohio acquired a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter valued at $278,000. Nuveen LLC purchased a new position in Daily Journal Corp. (S.C.) in the 1st quarter worth about $1,254,000. GAMMA Investing LLC boosted its position in shares of Daily Journal Corp. (S.C.) by 114,237.5% in the first quarter. GAMMA Investing LLC now owns 9,147 shares of the company's stock worth $3,638,000 after buying an additional 9,139 shares during the period. Finally, Rhumbline Advisers grew its position in Daily Journal Corp. (S.C.) by 1.7% during the first quarter. Rhumbline Advisers now owns 2,062 shares of the company's stock valued at $820,000 after purchasing an additional 34 shares in the last quarter. 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.

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