Jane Street Group LLC cut its position in shares of Daily Journal Co. (NASDAQ:DJCO - Free Report) by 51.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,071 shares of the company's stock after selling 1,130 shares during the quarter. Jane Street Group LLC owned 0.08% of Daily Journal worth $525,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Daily Journal by 23.9% during the third quarter. FMR LLC now owns 202 shares of the company's stock valued at $99,000 after purchasing an additional 39 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Daily Journal during the 2nd quarter worth $210,000. SG Americas Securities LLC acquired a new stake in Daily Journal in the third quarter worth $245,000. Principal Financial Group Inc. bought a new stake in Daily Journal in the third quarter valued at $309,000. Finally, AQR Capital Management LLC bought a new stake in Daily Journal in the second quarter valued at $519,000. Institutional investors and hedge funds own 51.23% of the company's stock.
Daily Journal Stock Performance
Shares of DJCO stock traded up $3.08 during trading hours on Monday, reaching $580.69. The stock had a trading volume of 80,539 shares, compared to its average volume of 54,146. The firm has a market capitalization of $799.61 million, a PE ratio of 17.81 and a beta of 0.94. The firm has a 50-day simple moving average of $561.16 and a 200-day simple moving average of $492.47. Daily Journal Co. has a twelve month low of $309.22 and a twelve month high of $602.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.58 and a quick ratio of 8.58.
Daily Journal (NASDAQ:DJCO - Get Free Report) last released its quarterly earnings results on Monday, December 30th. The company reported $19.41 earnings per share for the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%.
About Daily Journal
(
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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