Russell Investments Group Ltd. Sells 728 Shares of Daily Journal Corp. (S.C.) $DJCO

Key Points

• Russell Investments Group Ltd. reduced its stake in Daily Journal Corp. (S.C.) by 20.3% in Q1, now holding 2,856 shares worth approximately $1,136,000.
• Daily Journal Corp. reported a net margin of 122.18% and earnings of $10.47 per share for the most recent quarter.
• The company's stock opened at $468.06 with a market cap of $645.92 million and a P/E ratio of 6.67.

Russell Investments Group Ltd. reduced its stake in Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Free Report) by 20.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,856 shares of the company's stock after selling 728 shares during the quarter. Russell Investments Group Ltd. owned 0.21% of Daily Journal Corp. (S.C.) worth $1,136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. RWWM Inc. lifted its holdings in Daily Journal Corp. (S.C.) by 2.7% during the first quarter. RWWM Inc. now owns 325,419 shares of the company's stock valued at $129,432,000 after purchasing an additional 8,705 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Daily Journal Corp. (S.C.) by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 37,779 shares of the company's stock valued at $21,457,000 after purchasing an additional 3,635 shares during the last quarter. GAMMA Investing LLC lifted its holdings in 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 valued at $3,638,000 after purchasing an additional 9,139 shares during the last quarter. Bank of America Corp DE lifted its holdings in Daily Journal Corp. (S.C.) by 5.1% during the fourth quarter. Bank of America Corp DE now owns 8,120 shares of the company's stock valued at $4,612,000 after purchasing an additional 391 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Daily Journal Corp. (S.C.) during the first quarter valued at about $1,254,000. 51.23% of the stock is owned by hedge funds and other institutional investors.

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

NASDAQ DJCO traded up $3.84 during trading on Wednesday, hitting $480.50. 46,775 shares of the company's stock traded hands, compared to its average volume of 54,620. The stock has a market capitalization of $663.09 million, a price-to-earnings ratio of 6.84 and a beta of 0.87. Daily Journal Corp. has a 12-month low of $359.34 and a 12-month high of $602.00. The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.41 and a current ratio of 12.42. The business has a 50 day moving average of $422.80 and a 200-day moving average of $406.59.

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

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