Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Down 4.4% - Should You Sell?

Key Points

• Daily Journal Corp. (S.C.) stock experienced a 4.4% decline, trading as low as $464.48 before closing at $458.80.
• The company reported a robust earnings per share (EPS) of $10.47 for the last quarter, boasting a return on equity of 30.90% and a net margin of 122.18%.
• Institutional investors hold over 51% of the company's stock, with several increasing their stakes in recent months.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report)'s share price was down 4.4% during mid-day trading on Thursday . The stock traded as low as $464.48 and last traded at $458.80. Approximately 88,841 shares traded hands during mid-day trading, an increase of 128% from the average daily volume of 38,992 shares. The stock had previously closed at $479.96.

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

The business has a 50-day simple moving average of $429.18 and a 200 day simple moving average of $408.71. The stock has a market cap of $619.25 million, a P/E ratio of 6.39 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 issued its quarterly earnings results on Thursday, August 14th. The company reported $10.47 earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 30.90% and a net margin of 122.18%.The firm had revenue of $23.41 million for the quarter.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of DJCO. Rhumbline Advisers increased its holdings 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 worth $820,000 after buying an additional 34 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Daily Journal Corp. (S.C.) by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 788 shares of the company's stock valued at $448,000 after purchasing an additional 35 shares during the period. Intech Investment Management LLC increased its position in Daily Journal Corp. (S.C.) by 11.9% in the second quarter. Intech Investment Management LLC now owns 600 shares of the company's stock worth $253,000 after buying an additional 64 shares during the last quarter. Legal & General Group Plc increased its position in Daily Journal Corp. (S.C.) by 10.4% in the second 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. Finally, Ameriprise Financial Inc. lifted its position in shares of Daily Journal Corp. (S.C.) by 26.8% during the 4th quarter. Ameriprise Financial Inc. now owns 767 shares of the company's stock valued at $436,000 after buying an additional 162 shares during the last quarter. Institutional investors own 51.23% of the company's stock.

About Daily Journal Corp. (S.C.)

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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