Daily Journal (NASDAQ:DJCO) Sees Large Volume Increase

Daily Journal Co. (NASDAQ:DJCOGet Free Report) shares saw unusually-strong trading volume on Monday . Approximately 4,296 shares traded hands during mid-day trading, a decline of 49% from the previous session’s volume of 8,381 shares.The stock last traded at $404.03 and had previously closed at $398.40.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DJCO shares. TheStreet raised Daily Journal from a “c+” rating to a “b” rating in a research note on Monday, March 18th. StockNews.com raised shares of Daily Journal from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st.

Check Out Our Latest Report on DJCO

Daily Journal Price Performance

The stock has a market capitalization of $534.06 million, a P/E ratio of 23.99 and a beta of 0.95. The business has a fifty day simple moving average of $380.66 and a 200-day simple moving average of $357.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.97 and a current ratio of 8.97.

Daily Journal (NASDAQ:DJCOGet Free Report) last issued its earnings results on Tuesday, May 14th. The company reported $11.19 earnings per share (EPS) for the quarter. Daily Journal had a return on equity of 16.55% and a net margin of 30.94%. The company had revenue of $16.57 million for the quarter.

Hedge Funds Weigh In On Daily Journal

A number of large investors have recently modified their holdings of DJCO. Tower Research Capital LLC TRC lifted its holdings in shares of Daily Journal by 312.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 260 shares of the company’s stock worth $89,000 after purchasing an additional 197 shares in the last quarter. Pacific Global Investment Management Co. bought a new position in shares of Daily Journal in the 4th quarter worth $208,000. Lazard Asset Management LLC lifted its holdings in shares of Daily Journal by 115.2% in the 1st quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock worth $210,000 after purchasing an additional 311 shares in the last quarter. Mutual Advisors LLC bought a new position in shares of Daily Journal in the 4th quarter worth $222,000. Finally, Equitable Trust Co. purchased a new stake in Daily Journal in the 4th quarter valued at $227,000. 51.23% of the stock is currently owned by institutional investors.

Daily Journal Company Profile

(Get 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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