Shares of Daily Journal Co. (NASDAQ:DJCO - Get Free Report) traded up 5.2% during trading on Wednesday . The stock traded as high as $429.44 and last traded at $434.04. 3,775 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 16,002 shares. The stock had previously closed at $412.42.
Daily Journal Trading Down 4.2%
The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 12.31. The stock has a market capitalization of $574.58 million, a P/E ratio of 7.52 and a beta of 0.81. The firm's fifty day simple moving average is $391.78 and its 200 day simple moving average is $458.92.
Daily Journal (NASDAQ:DJCO - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $32.43 EPS for the quarter. Daily Journal had a net margin of 106.63% and a return on equity of 20.64%. The firm had revenue of $18.18 million for the quarter.
Institutional Investors Weigh In On Daily Journal
A number of hedge funds have recently made changes to their positions in DJCO. SG Americas Securities LLC boosted its stake in shares of Daily Journal by 8.4% in the 4th quarter. SG Americas Securities LLC now owns 541 shares of the company's stock valued at $307,000 after purchasing an additional 42 shares in the last quarter. Cross Staff Investments Inc acquired a new stake in shares of Daily Journal in the 4th quarter valued at approximately $227,000. Angeles Wealth Management LLC acquired a new stake in shares of Daily Journal in the 4th quarter valued at approximately $650,000. Principal Financial Group Inc. boosted its stake in shares of Daily Journal by 12.7% in the 4th quarter. Principal Financial Group Inc. now owns 710 shares of the company's stock valued at $403,000 after purchasing an additional 80 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Daily Journal by 1.9% during the 4th 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 during the period. 51.23% of the stock is currently owned by institutional investors and hedge funds.
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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