Corient Private Wealth LP Takes Position in Daily Journal Corp. (S.C.) $DJCO

Key Points

• Corient Private Wealth LP initiated a position in Daily Journal Corp., purchasing 4,320 shares valued at approximately $2.6 million, or about 0.31% of the company. Other institutional investors also added new stakes, bringing institutional ownership to 51.23%.
• Daily Journal shares opened at $617.54, up 0.4%, with the stock trading between $348.63 and $674.75 over the past year. The company reported quarterly revenue of $26.98 million and a loss of $7.90 per share.
• Analyst sentiment remains cautious: Weiss Ratings downgraded the stock’s hold assessment, while Wall Street Zen upgraded it from sell to hold. The consensus rating is Hold.

Corient Private Wealth LP bought a new position in Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,320 shares of the company's stock, valued at approximately $2,597,000. Corient Private Wealth LP owned about 0.31% of Daily Journal Corp. (S.C.) as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Bank of America Corp DE bought a new position in Daily Journal Corp. (S.C.) during the 2nd quarter valued at about $1,140,000. Jupiter Topco LLC bought a new stake in Daily Journal Corp. (S.C.) during the second quarter worth about $359,000. Legal & General Group Plc bought a new stake in Daily Journal Corp. (S.C.) during the second quarter worth about $656,000. The Manufacturers Life Insurance Company bought a new stake in Daily Journal Corp. (S.C.) during the second quarter worth about $209,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter worth approximately $58,000. Institutional investors and hedge funds own 51.23% of the company's stock.

Daily Journal Corp. (S.C.) Stock Up 0.4%

Shares of NASDAQ DJCO opened at $617.54 on Thursday. Daily Journal Corp. has a 12-month low of $348.63 and a 12-month high of $674.75. The firm's 50-day simple moving average is $591.24 and its 200 day simple moving average is $539.71. The company has a quick ratio of 11.65, a current ratio of 11.65 and a debt-to-equity ratio of 0.06. The company has a market cap of $852.21 million, a price-to-earnings ratio of -75.13 and a beta of 0.85.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($7.90) earnings per share 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%.The company had revenue of $26.98 million during the quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DJCO shares. Weiss Ratings cut shares of Daily Journal Corp. (S.C.) from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, August 14th. Wall Street Zen upgraded Daily Journal Corp. (S.C.) from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

About Daily Journal Corp. (S.C.)

Daily Journal Corporation NASDAQ: DJCO is a diversified media and technology company headquartered in Los Angeles, California. The company operates in two primary segments: legal publishing and software solutions. Its publishing arm produces the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide daily coverage of legal news, court decisions, opinion pieces and public notices to attorneys, judges and legal professionals across California.

In addition to its flagship newspapers, Daily Journal Corp.

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