Daily Journal Co. (NASDAQ:DJCO – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $403.92, but opened at $389.32. Daily Journal shares last traded at $390.31, with a volume of 2,469 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on DJCO. TheStreet raised shares of Daily Journal from a “c+” rating to a “b” rating in a research report 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 Analysis on Daily Journal
Daily Journal Trading Up 4.3 %
Daily Journal (NASDAQ:DJCO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $11.19 earnings per share for the quarter. Daily Journal had a return on equity of 16.55% and a net margin of 30.94%. The business had revenue of $16.57 million for the quarter.
Institutional Investors Weigh In On Daily Journal
Hedge funds have recently made changes to their positions in the business. Swiss National Bank purchased a new position in shares of Daily Journal in the 4th quarter worth about $832,000. Mutual Advisors LLC purchased a new position in shares of Daily Journal in the 4th quarter worth about $222,000. Vanguard Group Inc. boosted its holdings in shares of Daily Journal by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 60,010 shares of the company’s stock worth $17,643,000 after buying an additional 740 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Daily Journal by 33.6% in the 4th quarter. SG Americas Securities LLC now owns 696 shares of the company’s stock worth $237,000 after buying an additional 175 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted 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 buying an additional 197 shares during the last quarter. 51.23% of the stock is currently owned by institutional investors.
About Daily Journal
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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