Shares of Daily Journal Co. (NASDAQ:DJCO - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $425.67, but opened at $408.31. Daily Journal shares last traded at $407.84, with a volume of 2,246 shares trading hands.
Daily Journal Price Performance
The company has a 50 day moving average of $398.96 and a two-hundred day moving average of $446.08. The firm has a market cap of $550.08 million, a P/E ratio of 7.20 and a beta of 0.84. The company has a quick ratio of 10.26, a current ratio of 12.31 and a debt-to-equity ratio of 0.10.
Daily Journal (NASDAQ:DJCO - Get Free Report) last announced its earnings results on Tuesday, May 20th. The company reported $32.43 EPS for the quarter. Daily Journal had a return on equity of 20.64% and a net margin of 106.63%. The business had revenue of $18.18 million during the quarter.
Institutional Investors Weigh In On Daily Journal
A number of hedge funds and other institutional investors have recently made changes to their positions in DJCO. ProShare Advisors LLC acquired a new position in shares of Daily Journal during the 4th quarter valued at about $222,000. Raymond James Financial Inc. acquired a new position in shares of Daily Journal during the 4th quarter valued at about $372,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Daily Journal by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,786 shares of the company's stock valued at $4,990,000 after acquiring an additional 164 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Daily Journal by 16.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,998 shares of the company's stock valued at $4,543,000 after acquiring an additional 1,131 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Daily Journal by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 37,779 shares of the company's stock valued at $21,457,000 after acquiring an additional 3,635 shares during the last quarter. 51.23% of the stock is owned by hedge funds and other institutional investors.
About Daily Journal
(
Get Free Report)
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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