Shares of Daily Journal Co. (NASDAQ:DJCO - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 65,716 shares were traded during mid-day trading, an increase of 116% from the previous session's volume of 30,400 shares.The stock last traded at $467.51 and had previously closed at $483.14.
Daily Journal Stock Down 4.6 %
The stock has a 50-day moving average of $553.53 and a 200-day moving average of $503.47. The company has a debt-to-equity ratio of 0.10, a current ratio of 10.26 and a quick ratio of 10.26. The firm has a market cap of $624.86 million, a price-to-earnings ratio of 7.98 and a beta of 0.94.
Daily Journal (NASDAQ:DJCO - Get Free Report) last released its earnings results on Monday, December 30th. The company reported $19.41 earnings per share (EPS) for the quarter. Daily Journal had a return on equity of 22.98% and a net margin of 111.70%.
Hedge Funds Weigh In On Daily Journal
Several hedge funds and other institutional investors have recently made changes to their positions in DJCO. Cross Staff Investments Inc acquired a new stake in shares of Daily Journal during the 4th quarter worth approximately $227,000. SG Americas Securities LLC lifted its stake in Daily Journal by 8.4% during the fourth quarter. SG Americas Securities LLC now owns 541 shares of the company's stock worth $307,000 after purchasing an additional 42 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Daily Journal in the 4th quarter valued at $250,000. JPMorgan Chase & Co. increased its stake in shares of Daily Journal by 341.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,966 shares of the company's stock valued at $1,454,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new position in shares of Daily Journal during the 3rd quarter worth $309,000. 51.23% of the stock is currently owned by institutional investors and hedge funds.
About Daily Journal
(
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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