Bank of America Corp DE Purchases 1,896 Shares of Daily Journal Corp. (S.C.) $DJCO

Key Points

• Bank of America acquired 1,896 shares of Daily Journal Corp. during the second quarter, worth approximately $1.14 million and representing about 0.14% of the company.
• Other institutional investors also adjusted their positions, while hedge funds and institutions collectively owned 51.23% of DJCO.
• Analyst sentiment remains cautious: Daily Journal carries an overall “Hold” rating, with recent downgrades to “Sell” and a lower “Hold” rating. The company reported a quarterly loss of $7.90 per share and $26.98 million in revenue.

Bank of America Corp DE acquired a new stake in Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,896 shares of the company's stock, valued at approximately $1,140,000. Bank of America Corp DE owned approximately 0.14% of Daily Journal Corp. (S.C.) as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DJCO. Quantbot Technologies LP acquired a new position in Daily Journal Corp. (S.C.) during the 2nd quarter worth approximately $58,000. Strs Ohio grew its stake in shares of Daily Journal Corp. (S.C.) by 100.0% during the first quarter. Strs Ohio now owns 200 shares of the company's stock worth $96,000 after purchasing an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Daily Journal Corp. (S.C.) during the fourth quarter worth $55,000. Entropy Technologies LP increased its holdings in Daily Journal Corp. (S.C.) by 22.2% in the first quarter. Entropy Technologies LP now owns 660 shares of the company's stock valued at $318,000 after buying an additional 120 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Daily Journal Corp. (S.C.) in the fourth quarter valued at $75,000. 51.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DJCO has been the subject of several analyst reports. Weiss Ratings cut Daily Journal Corp. (S.C.) from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, August 14th. Wall Street Zen lowered Daily Journal Corp. (S.C.) from a "hold" rating to a "sell" rating in a research report on Saturday, September 12th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Daily Journal Corp. (S.C.) currently has an average rating of "Hold".

Daily Journal Corp. (S.C.) Stock Performance

NASDAQ:DJCO opened at $656.44 on Friday. Daily Journal Corp. has a twelve month low of $348.63 and a twelve month high of $692.50. The company has a market capitalization of $905.89 million, a P/E ratio of -79.86 and a beta of 0.83. The company has a current ratio of 11.65, a quick ratio of 11.65 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $622.58 and a two-hundred day moving average price of $560.85.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($7.90) earnings per share for the quarter. Daily Journal Corp. (S.C.) had a negative net margin of 11.63% and a negative return on equity of 3.11%. The firm had revenue of $26.98 million during the quarter.

About Daily Journal Corp. (S.C.)

Daily Journal Corporation is a Los Angeles-based media and software company. Its traditional publishing business produces legal and business newspapers, including the Daily Journal, and provides specialized print and online information services for attorneys, courts, and other professional users.

Through its Journal Technologies subsidiary, the company develops and supplies case-management and workflow software for courts, prosecutors, public defenders, probation departments, and other justice-related agencies.

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