Wall Street Zen Upgrades Daily Journal Corp. (S.C.) (NASDAQ:DJCO) to "Hold"

Key Points

• Wall Street Zen upgraded Daily Journal Corp. (DJCO) from “Sell” to “Hold,” while Weiss Ratings slightly downgraded its rating to “Hold (C-).” MarketBeat reports a consensus “Hold” rating.
• DJCO shares opened at $599.83, with a 12-month range of $348.63 to $674.75 and a market capitalization of approximately $827.8 million.
• The company reported a quarterly loss of $7.90 per share on $26.98 million in revenue, alongside negative net margins and return on equity. Institutional investors own 51.23% of the stock, with BlackRock recently establishing a sizable position.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings downgraded Daily Journal Corp. (S.C.) from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold".

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

DJCO opened at $599.83 on Friday. The company's 50 day moving average is $578.00 and its 200 day moving average is $536.73. 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 company has a market cap of $827.77 million, a price-to-earnings ratio of -72.97 and a beta of 0.84. Daily Journal Corp. has a 12-month low of $348.63 and a 12-month high of $674.75.

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. Daily Journal Corp. (S.C.) had a negative net margin of 11.63% and a negative return on equity of 3.11%. The company had revenue of $26.98 million for the quarter.

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

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Daily Journal Corp. (S.C.) during the 2nd quarter valued at approximately $63,501,000. Vanguard Group Inc. grew its holdings in Daily Journal Corp. (S.C.) by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 102,622 shares of the company's stock valued at $50,010,000 after buying an additional 534 shares in the last quarter. AltraVue Capital LLC raised its position in shares of Daily Journal Corp. (S.C.) by 17.7% during the fourth 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 last quarter. Advisory Research Inc. raised its position in shares of Daily Journal Corp. (S.C.) by 14.1% during the fourth quarter. Advisory Research Inc. now owns 65,564 shares of the company's stock valued at $31,951,000 after buying an additional 8,097 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Daily Journal Corp. (S.C.) by 2.8% in the third quarter. Dimensional Fund Advisors LP now owns 45,327 shares of the company's stock worth $21,084,000 after buying an additional 1,242 shares in the last quarter. Institutional investors own 51.23% of the company's stock.

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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