Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Trading 4.2% Higher - What's Next?

Key Points

• Daily Journal Corp. (S.C.) shares rose 4.2% to a last traded price of $428.27, despite a significant decline in trading volume of 43% compared to the average session.
• Institutional investors own 51.23% of Daily Journal's stock, with notable increases in holdings from firms such as Rhumbline Advisers and Intech Investment Management.
• Weiss Ratings has restated a "hold (c+)" rating for Daily Journal, which currently holds an average rating of "Hold" from analysts.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) traded up 4.2% on Tuesday . The company traded as high as $429.21 and last traded at $428.27. 24,906 shares were traded during trading, a decline of 43% from the average session volume of 43,454 shares. The stock had previously closed at $410.93.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Daily Journal Corp. (S.C.) in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of "Hold".

Daily Journal Corp. (S.C.) Trading Up 4.2%

The company has a 50 day moving average of $445.50 and a 200 day moving average of $416.36. The firm has a market cap of $591.11 million, a P/E ratio of 6.09 and a beta of 0.83. The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.41 and a current ratio of 12.42.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $10.47 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 business had revenue of $23.41 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its holdings in shares of 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. Intech Investment Management LLC grew its stake in shares of 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 acquiring an additional 64 shares during the last quarter. Legal & General Group Plc increased its position in Daily Journal Corp. (S.C.) by 10.4% during the second quarter. Legal & General Group Plc now owns 1,264 shares of the company's stock worth $534,000 after acquiring an additional 119 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Daily Journal Corp. (S.C.) by 11.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,030 shares of the company's stock valued at $1,153,000 after purchasing an additional 212 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Daily Journal Corp. (S.C.) by 7.8% in the 2nd quarter. American Century Companies Inc. now owns 3,001 shares of the company's stock valued at $1,267,000 after purchasing an additional 216 shares during the period. 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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