Daily Journal Corp. (S.C.) $DJCO Shares Sold by Janus Henderson Group PLC

Key Points

• Janus Henderson Group cut its Daily Journal stake by 94.8% in the first quarter, selling 10,837 shares and retaining 600 shares valued at approximately $289,000.
• Institutional investors and hedge funds own 51.23% of DJCO, while several firms—including Aviva, Rhumbline Advisers, Invesco, Cerity Partners, and Deutsche Bank—modestly increased their holdings.
• DJCO shares opened at $559.88, with a market capitalization of about $772.6 million and a 52-week range of $348.63 to $674.75. The stock carries an average “Hold” rating, and the company reported quarterly revenue of $22.72 million alongside a loss of $25.14 per share.

Janus Henderson Group PLC reduced its stake in Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Free Report) by 94.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 600 shares of the company's stock after selling 10,837 shares during the quarter. Janus Henderson Group PLC's holdings in Daily Journal Corp. (S.C.) were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of DJCO. Aviva PLC increased its stake in Daily Journal Corp. (S.C.) by 3.4% during the 4th quarter. Aviva PLC now owns 1,047 shares of the company's stock valued at $510,000 after purchasing an additional 34 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Daily Journal Corp. (S.C.) by 1.7% in the second quarter. Rhumbline Advisers now owns 2,097 shares of the company's stock worth $885,000 after buying an additional 35 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Daily Journal Corp. (S.C.) by 4.9% during the fourth quarter. Invesco Ltd. now owns 1,010 shares of the company's stock worth $492,000 after buying an additional 47 shares during the period. Cerity Partners LLC lifted its stake in shares of Daily Journal Corp. (S.C.) by 1.0% during the fourth quarter. Cerity Partners LLC now owns 4,921 shares of the company's stock worth $2,398,000 after buying an additional 47 shares during the period. Finally, Deutsche Bank AG grew its holdings in shares of Daily Journal Corp. (S.C.) by 6.7% during the fourth quarter. Deutsche Bank AG now owns 792 shares of the company's stock valued at $386,000 after buying an additional 50 shares during the last quarter. 51.23% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of NASDAQ DJCO opened at $559.88 on Wednesday. The business's 50 day moving average price is $567.92 and its 200 day moving average price is $537.19. The firm has a market cap of $772.63 million, a P/E ratio of 55.16 and a beta of 0.84. Daily Journal Corp. has a 52 week low of $348.63 and a 52 week high of $674.75. The company has a quick ratio of 15.42, a current ratio of 15.42 and a debt-to-equity ratio of 0.06.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($25.14) earnings per share for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 3.79% and a net margin of 14.83%.The business had revenue of $22.72 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Daily Journal Corp. (S.C.) from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold".

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

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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