BlackRock Inc. Acquires 3,349 Shares of Daily Journal Co. (DJCO)

BlackRock Inc. lifted its holdings in shares of Daily Journal Co. (NASDAQ:DJCO) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,076 shares of the company’s stock after purchasing an additional 3,349 shares during the quarter. BlackRock Inc. owned 4.21% of Daily Journal worth $13,369,000 as of its most recent SEC filing.

Separately, Schwab Charles Investment Management Inc. increased its holdings in shares of Daily Journal by 14.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 2,282 shares of the company’s stock worth $526,000 after purchasing an additional 282 shares during the period. Institutional investors own 38.78% of the company’s stock.

Several research analysts have recently commented on the stock. BidaskClub cut shares of Daily Journal from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. TheStreet raised shares of Daily Journal from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th.

Shares of DJCO opened at $237.04 on Thursday. Daily Journal Co. has a 12 month low of $213.85 and a 12 month high of $257.70. The company has a current ratio of 8.80, a quick ratio of 8.80 and a debt-to-equity ratio of 0.19.

Daily Journal (NASDAQ:DJCO) last announced its quarterly earnings data on Wednesday, August 8th. The company reported ($1.21) earnings per share (EPS) for the quarter. The firm had revenue of $11.01 million during the quarter. Daily Journal had a net margin of 30.02% and a negative return on equity of 3.01%.

In related news, Director John Patrick Et Al Guerin sold 897 shares of Daily Journal stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $237.00, for a total value of $212,589.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 19.50% of the company’s stock.

About Daily Journal

Daily Journal Corporation publishes newspapers and Websites covering in California, Arizona, Colorado, and Utah. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers, including Los Angeles Daily Journal, Daily Commerce, San Francisco Daily Journal, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, The Daily Transcript, Business Journal, and The Record Reporter.

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Institutional Ownership by Quarter for Daily Journal (NASDAQ:DJCO)

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