Daily Journal (NASDAQ:DJCO) Shares Up 5.2% - Still a Buy?

Daily Journal Co. (NASDAQ:DJCO - Get Free Report) shares were up 5.2% on Wednesday . The stock traded as high as $429.44 and last traded at $434.04. Approximately 3,775 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 16,002 shares. The stock had previously closed at $412.42.

Daily Journal Trading Up 7.5%

The company has a market capitalization of $610.75 million, a P/E ratio of 8.03 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a current ratio of 12.31 and a quick ratio of 10.26. The business's 50-day moving average price is $389.81 and its two-hundred day moving average price is $461.80.

Daily Journal (NASDAQ:DJCO - Get Free Report) last issued its quarterly earnings data 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 for the quarter.

Institutional Trading of Daily Journal

A number of large investors have recently bought and sold shares of the business. RWWM Inc. raised its holdings in shares of Daily Journal by 2.7% during the first quarter. RWWM Inc. now owns 325,419 shares of the company's stock worth $129,432,000 after acquiring an additional 8,705 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Daily Journal by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 37,779 shares of the company's stock valued at $21,457,000 after purchasing an additional 3,635 shares during the period. GAMMA Investing LLC boosted its position in shares of Daily Journal by 114,237.5% during the first quarter. GAMMA Investing LLC now owns 9,147 shares of the company's stock worth $3,638,000 after buying an additional 9,139 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Daily Journal by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,786 shares of the company's stock worth $4,990,000 after buying an additional 164 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Daily Journal by 5.1% in the 4th quarter. Bank of America Corp DE now owns 8,120 shares of the company's stock valued at $4,612,000 after buying an additional 391 shares during the last quarter. 51.23% of the stock is owned by institutional investors.

About Daily Journal

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.