Millennium Management LLC lowered its position in shares of Daily Journal Co. (NASDAQ:DJCO - Free Report) by 57.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 852 shares of the company's stock after selling 1,134 shares during the period. Millennium Management LLC owned approximately 0.06% of Daily Journal worth $484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Angeles Wealth Management LLC purchased a new position in shares of Daily Journal during the 4th quarter worth approximately $650,000. Principal Financial Group Inc. increased its holdings 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 acquiring an additional 80 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in 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 purchasing an additional 164 shares in the last quarter. Arizona State Retirement System acquired a new stake in Daily Journal during the 4th quarter worth $215,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Daily Journal in the 4th quarter valued at about $372,000. Institutional investors and hedge funds own 51.23% of the company's stock.
Daily Journal Stock Performance
NASDAQ:DJCO traded down $8.36 during trading hours on Thursday, reaching $399.48. 99,937 shares of the company's stock were exchanged, compared to its average volume of 19,456. The firm has a market capitalization of $550.08 million, a price-to-earnings ratio of 7.20 and a beta of 0.84. Daily Journal Co. has a 1-year low of $359.34 and a 1-year high of $602.00. The company has a 50-day moving average of $398.34 and a 200 day moving average of $447.37. The company has a quick ratio of 10.26, a current ratio of 12.31 and a debt-to-equity ratio of 0.10.
Daily Journal (NASDAQ:DJCO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported $32.43 earnings per share for the quarter. The company had revenue of $18.18 million for the quarter. Daily Journal had a return on equity of 20.64% and a net margin of 106.63%.
About Daily Journal
(
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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