Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Down 5.2% - Time to Sell?

Key Points

• Price drop: Shares fell about 5.2% to roughly $488 with volume down 66% versus the average, and the stock is trading below its 50‑day ($514.62) and 200‑day ($505.08) moving averages.
• Mixed signals from analysts and results: Consensus rating is "Hold" after a Weiss hold and a Wall Street Zen downgrade to "Sell," and the company reported (‑$5.79) EPS on $19.54 million in revenue while showing a low reported PE of 7.25 in MarketBeat’s data.
• Institutional buying and strong balance sheet: Several institutions (notably Millennium Management and new buying by Renaissance Technologies) increased positions and institutions now own 51.23% of the stock, while the company shows very high liquidity (quick/current ratio 16.31) and minimal debt (debt‑to‑equity 0.05).

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) traded down 5.2% on Monday . The company traded as low as $483.00 and last traded at $488.0450. 27,830 shares traded hands during trading, a decline of 66% from the average session volume of 81,953 shares. The stock had previously closed at $515.08.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Daily Journal Corp. (S.C.) from a "hold" rating to a "sell" rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Daily Journal Corp. (S.C.) Trading Down 4.6%

The firm's 50-day simple moving average is $514.62 and its 200-day simple moving average is $505.08. The firm has a market capitalization of $676.98 million, a PE ratio of 7.25 and a beta of 0.89. The company has a quick ratio of 16.31, a current ratio of 16.31 and a debt-to-equity ratio of 0.05.

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

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

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC grew its holdings in shares of Daily Journal Corp. (S.C.) by 924.9% in the fourth quarter. Millennium Management LLC now owns 23,347 shares of the company's stock worth $11,377,000 after purchasing an additional 21,069 shares during the last quarter. Advisory Research Inc. boosted its position in Daily Journal Corp. (S.C.) by 51.9% during the 3rd quarter. Advisory Research Inc. now owns 57,467 shares of the company's stock valued at $26,730,000 after buying an additional 19,627 shares during the period. BNP Paribas Financial Markets grew its holdings in Daily Journal Corp. (S.C.) by 154.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 25,825 shares of the company's stock worth $12,012,000 after acquiring an additional 15,668 shares during the last quarter. AltraVue Capital LLC grew its holdings in Daily Journal Corp. (S.C.) by 31.7% in the 3rd quarter. AltraVue Capital LLC now owns 56,759 shares of the company's stock worth $26,401,000 after acquiring an additional 13,660 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Daily Journal Corp. (S.C.) in the fourth quarter valued at about $6,263,000. 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.

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