Daily Journal (NASDAQ:DJCO) Sets New 52-Week High – Still a Buy?

Daily Journal Co. (NASDAQ:DJCO) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $596.01 and last traded at $596.01, with a volume of 4839 shares. The stock had previously closed at $589.89.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Daily Journal from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.

Daily Journal Price Performance

The stock has a market cap of $814.89 million, a P/E ratio of 18.09 and a beta of 0.91. The business’s 50 day moving average price is $491.73 and its two-hundred day moving average price is $437.39. The company has a current ratio of 8.58, a quick ratio of 8.58 and a debt-to-equity ratio of 0.11.

Daily Journal (NASDAQ:DJCO) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.79 earnings per share for the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%. The company had revenue of $17.49 million during the quarter.

Hedge Funds Weigh In On Daily Journal

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in Daily Journal by 133.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,622 shares of the company’s stock worth $4,226,000 after buying an additional 4,924 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Daily Journal during the 3rd quarter valued at about $309,000. SG Americas Securities LLC bought a new position in shares of Daily Journal in the 3rd quarter worth approximately $245,000. The Manufacturers Life Insurance Company purchased a new position in shares of Daily Journal in the second quarter worth approximately $210,000. Finally, AQR Capital Management LLC bought a new stake in Daily Journal during the second quarter valued at approximately $519,000. 51.23% of the stock is 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.