Daily Journal Co. (NASDAQ:DJCO - Get Free Report) saw strong trading volume on Friday . 4,553 shares were traded during mid-day trading, a decline of 59% from the previous session's volume of 11,205 shares.The stock last traded at $571.60 and had previously closed at $572.90.
Analyst Ratings Changes
Separately, StockNews.com raised Daily Journal from a "sell" rating to a "hold" rating in a research report on Friday, August 23rd.
Check Out Our Latest Stock Report on DJCO
Daily Journal Stock Performance
The company has a market capitalization of $779.71 million, a price-to-earnings ratio of 17.33 and a beta of 0.94. The company has a current ratio of 8.58, a quick ratio of 8.58 and a debt-to-equity ratio of 0.11. The stock has a 50-day simple moving average of $534.55 and a 200-day simple moving average of $469.92.
Institutional Investors Weigh In On Daily Journal
A number of institutional investors have recently modified their holdings of DJCO. AltraVue Capital LLC increased its holdings in Daily Journal by 195.8% in the second quarter. AltraVue Capital LLC now owns 34,826 shares of the company's stock valued at $13,738,000 after buying an additional 23,052 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Daily Journal in the 3rd quarter worth approximately $3,137,000. Dimensional Fund Advisors LP grew its position in shares of Daily Journal by 22.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,040 shares of the company's stock worth $11,455,000 after acquiring an additional 5,413 shares in the last quarter. State Street Corp increased its holdings in shares of Daily Journal by 18.3% in the 3rd quarter. State Street Corp now owns 32,968 shares of the company's stock valued at $16,158,000 after acquiring an additional 5,092 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Daily Journal by 133.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,622 shares of the company's stock valued at $4,226,000 after acquiring an additional 4,924 shares in the last quarter. Institutional investors and hedge funds own 51.23% of the company's stock.
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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