Corient Private Wealth LP Raises Stake in Daily Journal Corp. (S.C.) $DJCO

Key Points

• Corient Private Wealth LP increased its Daily Journal stake by 306.8% in the second quarter, adding 3,200 shares to own 4,243 shares valued at approximately $2.55 million.
• Other institutions also added positions, bringing total hedge fund and institutional ownership to 51.23% of DJCO’s outstanding shares.
• Analyst sentiment remains cautious: Wall Street Zen downgraded the stock to “sell,” while the overall consensus rating is “hold.” Daily Journal recently reported a quarterly loss of $7.90 per share on $26.98 million in revenue.

Corient Private Wealth LP increased its position in shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Free Report) by 306.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,243 shares of the company's stock after acquiring an additional 3,200 shares during the quarter. Corient Private Wealth LP owned approximately 0.31% of Daily Journal Corp. (S.C.) worth $2,551,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DJCO. Headlands Technologies LLC grew its position in shares of Daily Journal Corp. (S.C.) by 43.0% in the second quarter. Headlands Technologies LLC now owns 1,278 shares of the company's stock valued at $768,000 after purchasing an additional 384 shares during the period. Susquehanna International Group LLP increased its stake in shares of Daily Journal Corp. (S.C.) by 38.7% during the 2nd quarter. Susquehanna International Group LLP now owns 642 shares of the company's stock valued at $386,000 after acquiring an additional 179 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of Daily Journal Corp. (S.C.) in the second quarter worth approximately $1,140,000. Jupiter Topco LLC purchased a new stake in Daily Journal Corp. (S.C.) in the second quarter valued at approximately $359,000. Finally, Legal & General Group Plc purchased a new stake in Daily Journal Corp. (S.C.) in the second quarter valued at approximately $656,000. 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 a number of research analyst reports. Wall Street Zen downgraded Daily Journal Corp. (S.C.) from a "hold" rating to a "sell" rating in a report on Saturday, September 12th. Weiss Ratings downgraded Daily Journal Corp. (S.C.) from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

Daily Journal Corp. (S.C.) Stock Down 1.7%

Shares of NASDAQ:DJCO opened at $657.01 on Wednesday. The company has a market capitalization of $906.67 million, a price-to-earnings ratio of -79.93 and a beta of 0.85. The company has a 50 day moving average of $611.65 and a two-hundred day moving average of $553.43. Daily Journal Corp. has a 52-week low of $348.63 and a 52-week high of $692.50. The company has a quick ratio of 11.65, a current ratio of 11.65 and a debt-to-equity ratio of 0.06.

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

Daily Journal Corp. (S.C.) Company Profile

Daily Journal Corp. (S.C.) is a diversified information-services company that operates through newspaper publishing and software businesses. Its publications focus primarily on legal, business, and public-sector news and information, with operations historically centered in California and Arizona.

The company publishes the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide legal and business news, court coverage, public notices, and related information services.

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