Daily Journal Corp. (S.C.) $DJCO Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. significantly reduced its stake in Daily Journal Corp. (S.C.) by 55.9%, selling 3,355 shares during the first quarter, leaving it with 2,651 shares valued at approximately $1,054,000.
• Despite this reduction, other institutional investors such as Royal Bank of Canada increased their holdings by 124.1%, reflecting ongoing investment interest in the company.
• Daily Journal Corp. recently reported a quarterly earnings per share of $10.47 and a remarkable net margin of 122.18%, indicating strong profitability.

Goldman Sachs Group Inc. lowered its position in shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Free Report) by 55.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,651 shares of the company's stock after selling 3,355 shares during the period. Goldman Sachs Group Inc. owned about 0.19% of Daily Journal Corp. (S.C.) worth $1,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. RWWM Inc. increased its position in shares of Daily Journal Corp. (S.C.) by 2.7% during the first quarter. RWWM Inc. now owns 325,419 shares of the company's stock worth $129,432,000 after purchasing an additional 8,705 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Daily Journal Corp. (S.C.) by 114,237.5% during the first quarter. GAMMA Investing LLC now owns 9,147 shares of the company's stock worth $3,638,000 after purchasing an additional 9,139 shares in the last quarter. Bank of America Corp DE increased its position in Daily Journal Corp. (S.C.) by 5.1% in the 4th quarter. Bank of America Corp DE now owns 8,120 shares of the company's stock valued at $4,612,000 after acquiring an additional 391 shares during the period. Nuveen LLC purchased a new stake in Daily Journal Corp. (S.C.) during the 1st quarter valued at approximately $1,254,000. Finally, American Century Companies Inc. lifted its position in Daily Journal Corp. (S.C.) by 9.7% during the 1st quarter. American Century Companies Inc. now owns 2,785 shares of the company's stock worth $1,108,000 after acquiring an additional 247 shares during the period. Institutional investors and hedge funds own 51.23% of the company's stock.

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

Shares of DJCO stock traded down $0.14 during midday trading on Monday, hitting $447.79. The company had a trading volume of 83,450 shares, compared to its average volume of 62,068. The stock has a market cap of $617.95 million, a price-to-earnings ratio of 6.38 and a beta of 0.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 12.42 and a quick ratio of 12.41. The company's 50 day simple moving average is $434.72 and its 200 day simple moving average is $411.89. Daily Journal Corp. has a 52-week low of $359.34 and a 52-week high of $602.00.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $10.47 earnings per share (EPS) for the quarter. The business had revenue of $23.41 million for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 30.90% and a net margin of 122.18%.

Daily Journal Corp. (S.C.) Profile

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.