Vanguard Group Inc. Reduces Stock Position in Daily Journal Corp. (S.C.) $DJCO

Key Points

• Vanguard Group Inc. has reduced its stake in Daily Journal Corp. by 1.2%, now owning 5.16% of the company, valued at approximately $28.26 million.
• Daily Journal Corp. reported a net margin of 122.18% and earnings of $10.47 per share on a revenue of $23.41 million for the latest quarter.
• The company's stock has registered a fifty-two week range, with a low of $359.34 and a high of $602.00, opening at $466.80 on the latest trading day.

Vanguard Group Inc. reduced its stake in Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Free Report) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,061 shares of the company's stock after selling 849 shares during the period. Vanguard Group Inc. owned 5.16% of Daily Journal Corp. (S.C.) worth $28,261,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Rhumbline Advisers raised its stake in Daily Journal Corp. (S.C.) by 1.7% in the first quarter. Rhumbline Advisers now owns 2,062 shares of the company's stock worth $820,000 after buying an additional 34 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Daily Journal Corp. (S.C.) by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 788 shares of the company's stock worth $448,000 after buying an additional 35 shares in the last quarter. Invesco Ltd. raised its stake in Daily Journal Corp. (S.C.) by 9.5% in the fourth quarter. Invesco Ltd. now owns 807 shares of the company's stock worth $458,000 after buying an additional 70 shares in the last quarter. MetLife Investment Management LLC raised its stake in Daily Journal Corp. (S.C.) by 11.8% in the fourth quarter. MetLife Investment Management LLC now owns 844 shares of the company's stock worth $479,000 after buying an additional 89 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Daily Journal Corp. (S.C.) by 26.8% in the fourth quarter. Ameriprise Financial Inc. now owns 767 shares of the company's stock worth $436,000 after buying an additional 162 shares in the last quarter. 51.23% of the stock is owned by institutional investors.

Daily Journal Corp. (S.C.) Stock Down 0.2%

DJCO traded down $0.86 during midday trading on Monday, reaching $467.20. The company's stock had a trading volume of 97,182 shares, compared to its average volume of 55,856. The firm has a market capitalization of $644.74 million, a price-to-earnings ratio of 6.65 and a beta of 0.87. The company has a current ratio of 12.42, a quick ratio of 12.41 and a debt-to-equity ratio of 0.07. Daily Journal Corp. has a 1 year low of $359.34 and a 1 year high of $602.00. The stock's 50-day moving average is $419.31 and its 200-day moving average is $405.35.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $10.47 earnings per share 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%.

About Daily Journal Corp. (S.C.)

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.