Everett Harris & Co. CA Invests $1.26 Million in Daily Journal Corp. (S.C.) $DJCO

Key Points

• Everett Harris & Co. CA initiated a $1.26 million position in Daily Journal Corp. during the second quarter, acquiring 2,100 shares and approximately 0.15% of the company. Institutional investors collectively own 51.23% of the stock.
• Daily Journal shares opened at $603.33, up 0.4%, with a 52-week range of $348.63 to $674.75. The company reported quarterly revenue of $26.98 million and a loss of $7.90 per share.
• Weiss Ratings upgraded the stock from “hold (c-)” to “hold (c),” while the sole covering analyst maintains a Hold rating. Daily Journal’s negative net margin and return on equity underscore its recent lack of profitability.

Everett Harris & Co. CA purchased a new position in shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,100 shares of the company's stock, valued at approximately $1,262,000. Everett Harris & Co. CA owned about 0.15% of Daily Journal Corp. (S.C.) at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. bought a new position in Daily Journal Corp. (S.C.) in the first quarter valued at approximately $4,169,000. Legato Capital Management LLC raised its position in shares of Daily Journal Corp. (S.C.) by 18.2% during the 4th quarter. Legato Capital Management LLC now owns 14,217 shares of the company's stock valued at $6,928,000 after acquiring an additional 2,190 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter valued at $444,000. AltraVue Capital LLC lifted its stake in shares of Daily Journal Corp. (S.C.) by 17.7% in the 4th quarter. AltraVue Capital LLC now owns 66,819 shares of the company's stock valued at $32,562,000 after purchasing an additional 10,060 shares during the period. Finally, UBS Group AG lifted its stake in shares of Daily Journal Corp. (S.C.) by 164.7% in the 4th quarter. UBS Group AG now owns 12,450 shares of the company's stock valued at $6,067,000 after purchasing an additional 7,747 shares during the period. 51.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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

Shares of NASDAQ DJCO opened at $603.33 on Friday. Daily Journal Corp. has a 52-week low of $348.63 and a 52-week high of $674.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.42 and a current ratio of 11.65. The stock has a market cap of $832.60 million, a P/E ratio of -73.40 and a beta of 0.84. The firm has a 50 day moving average price of $571.73 and a 200 day moving average price of $536.46.

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

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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