Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Unusually-strong trading volume: about 98,154 shares traded mid-day (up 9% from 89,976), with the stock last at $471.26 versus a prior close of $480.66 (down ~1.7%).
• The company reported quarterly EPS of ($5.79) on $19.54 million in revenue, while showing a 25.6% return on equity and a 104.17% net margin.
• Analysts' consensus is an average rating of "Hold" (Weiss Ratings reiterated a hold while Wall Street Zen downgraded to sell), and institutional investors own about 51.23% of the stock.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 98,154 shares traded hands during mid-day trading, an increase of 9% from the previous session's volume of 89,976 shares.The stock last traded at $471.2620 and had previously closed at $480.66.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DJCO. Weiss Ratings restated a "hold (c+)" rating on shares of Daily Journal Corp. (S.C.) in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Daily Journal Corp. (S.C.) from a "hold" rating to a "sell" rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Daily Journal Corp. (S.C.) has an average rating of "Hold".

Daily Journal Corp. (S.C.) Stock Down 1.7%

The firm has a market cap of $651.06 million, a P/E ratio of 6.88 and a beta of 0.82. The company's 50 day simple moving average is $557.72 and its 200-day simple moving average is $491.21. The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 0.05.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last issued its earnings results on Tuesday, February 17th. The company reported ($5.79) earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 25.60% and a net margin of 104.17%.The company had revenue of $19.54 million during the quarter.

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

Hedge funds have recently bought and sold shares of the company. RWWM Inc. increased its position in shares of Daily Journal Corp. (S.C.) by 1.2% during the 3rd quarter. RWWM Inc. now owns 338,941 shares of the company's stock valued at $157,655,000 after purchasing an additional 4,039 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Daily Journal Corp. (S.C.) by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 102,622 shares of the company's stock worth $50,010,000 after buying an additional 534 shares during the last quarter. AltraVue Capital LLC grew its position in Daily Journal Corp. (S.C.) by 17.7% during the fourth quarter. AltraVue Capital LLC now owns 66,819 shares of the company's stock valued at $32,562,000 after buying an additional 10,060 shares during the period. Advisory Research Inc. increased its holdings in Daily Journal Corp. (S.C.) by 14.1% during the fourth quarter. Advisory Research Inc. now owns 65,564 shares of the company's stock valued at $31,951,000 after buying an additional 8,097 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Daily Journal Corp. (S.C.) by 2.8% during the third quarter. Dimensional Fund Advisors LP now owns 45,327 shares of the company's stock valued at $21,084,000 after buying an additional 1,242 shares during the last quarter. Hedge funds and other institutional investors own 51.23% of the company's stock.

About Daily Journal Corp. (S.C.)

Daily Journal Corporation NASDAQ: DJCO is a diversified media and technology company headquartered in Los Angeles, California. The company operates in two primary segments: legal publishing and software solutions. Its publishing arm produces the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide daily coverage of legal news, court decisions, opinion pieces and public notices to attorneys, judges and legal professionals across California.

In addition to its flagship newspapers, Daily Journal Corp.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.