JPMorgan Chase & Co. grew its stake in shares of Daily Journal Co. (NASDAQ:DJCO - Free Report) by 71.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,099 shares of the company's stock after acquiring an additional 2,133 shares during the period. JPMorgan Chase & Co. owned about 0.37% of Daily Journal worth $2,896,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of DJCO. Wilmington Savings Fund Society FSB acquired a new stake in shares of Daily Journal during the 3rd quarter valued at approximately $3,137,000. State Street Corp raised its position in shares of Daily Journal by 18.3% during the 3rd quarter. State Street Corp now owns 32,968 shares of the company's stock worth $16,158,000 after purchasing an additional 5,092 shares during the last quarter. Barclays PLC raised its position in shares of Daily Journal by 343.1% during the 3rd quarter. Barclays PLC now owns 2,233 shares of the company's stock worth $1,094,000 after purchasing an additional 1,729 shares during the last quarter. Angeles Wealth Management LLC acquired a new position in shares of Daily Journal during the 4th quarter worth approximately $650,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Daily Journal during the 4th quarter worth approximately $372,000. 51.23% of the stock is currently owned by institutional investors and hedge funds.
Daily Journal Price Performance
Shares of Daily Journal stock traded down $3.40 during trading on Monday, hitting $377.65. 4,318 shares of the company were exchanged, compared to its average volume of 15,446. The company has a quick ratio of 10.26, a current ratio of 12.31 and a debt-to-equity ratio of 0.10. Daily Journal Co. has a fifty-two week low of $333.29 and a fifty-two week high of $602.00. The stock has a market capitalization of $520.02 million, a price-to-earnings ratio of 6.81 and a beta of 0.89. The firm has a 50 day moving average price of $388.08 and a 200 day moving average price of $472.12.
Daily Journal (NASDAQ:DJCO - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $7.91 earnings per share (EPS) for the quarter. Daily Journal had a return on equity of 20.64% and a net margin of 106.63%. The firm had revenue of $17.70 million during the quarter.
Daily Journal Profile
(
Free Report)
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.
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