Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Reaches New 52-Week High - Here's Why

Key Points

• Daily Journal shares reached a new 52-week high, trading as high as $675.50 and closing last at $669.91, up from the previous close of $661.90.
• Analyst sentiment remains cautious: Weiss Ratings maintained a downgraded hold rating, Wall Street Zen moved the stock to sell, and the overall consensus is Hold.
• The company reported a quarterly loss of $7.90 per share on $26.98 million in revenue, while institutional investors own approximately 51.23% of the stock.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $675.50 and last traded at $669.91, with a volume of 20035 shares. The stock had previously closed at $661.90.

Analysts Set New Price Targets

A number of equities analysts recently commented on DJCO shares. Weiss Ratings downgraded shares of Daily Journal Corp. (S.C.) from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, August 14th. Wall Street Zen downgraded Daily Journal Corp. (S.C.) from a "hold" rating to a "sell" rating in a report on Saturday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".

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

The stock's 50 day moving average price is $598.57 and its two-hundred day moving average price is $546.28. The company has a current ratio of 11.65, a quick ratio of 11.65 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $930.24 million, a price-to-earnings ratio of -81.89 and a beta of 0.85.

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

Hedge Funds Weigh In On Daily Journal Corp. (S.C.)

Large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its position in Daily Journal Corp. (S.C.) by 81,091.1% in the second quarter. California State Teachers Retirement System now owns 961,303 shares of the company's stock valued at $577,926,000 after purchasing an additional 960,119 shares during the period. BlackRock Inc. acquired a new stake in shares of Daily Journal Corp. (S.C.) in the second quarter valued at about $63,501,000. Vanguard Group Inc. raised its holdings in shares of Daily Journal Corp. (S.C.) by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 102,088 shares of the company's stock valued at $47,485,000 after buying an additional 1,845 shares during the period. AltraVue Capital LLC raised its holdings in shares of Daily Journal Corp. (S.C.) by 17.7% during the 4th quarter. AltraVue Capital LLC now owns 66,819 shares of the company's stock valued at $32,562,000 after buying an additional 10,060 shares during the period. Finally, Advisory Research Inc. lifted its position in Daily Journal Corp. (S.C.) by 14.1% during the 4th quarter. Advisory Research Inc. now owns 65,564 shares of the company's stock worth $31,951,000 after acquiring an additional 8,097 shares in the last quarter. 51.23% of the stock is currently owned by hedge funds and other institutional investors.

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

Daily Journal Corp. (S.C.) is a diversified information-services company that operates through newspaper publishing and software businesses. Its publications focus primarily on legal, business, and public-sector news and information, with operations historically centered in California and Arizona.

The company publishes the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide legal and business news, court coverage, public notices, and related information services.

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