JPMorgan Chase & Co. grew its stake in Daily Journal Co. (NASDAQ:DJCO - Free Report) by 341.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,966 shares of the company's stock after purchasing an additional 2,294 shares during the period. JPMorgan Chase & Co. owned approximately 0.22% of Daily Journal worth $1,454,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of DJCO. American Century Companies Inc. raised its position in Daily Journal by 18.4% during the 2nd quarter. American Century Companies Inc. now owns 1,705 shares of the company's stock worth $673,000 after buying an additional 265 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Daily Journal by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 29,040 shares of the company's stock valued at $11,455,000 after purchasing an additional 5,413 shares during the period. Renaissance Technologies LLC boosted its holdings in Daily Journal by 39.8% in the 2nd quarter. Renaissance Technologies LLC now owns 5,311 shares of the company's stock valued at $2,095,000 after purchasing an additional 1,511 shares in the last quarter. AQR Capital Management LLC acquired a new position in Daily Journal during the 2nd quarter worth approximately $519,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Daily Journal during the 2nd quarter worth approximately $210,000. Hedge funds and other institutional investors own 51.23% of the company's stock.
Daily Journal Price Performance
Shares of Daily Journal stock traded down $21.70 during trading on Friday, reaching $452.80. The company's stock had a trading volume of 14,859 shares, compared to its average volume of 39,511. The business has a 50 day moving average price of $553.53 and a 200-day moving average price of $502.66. Daily Journal Co. has a 12-month low of $309.22 and a 12-month high of $602.00. The company has a market capitalization of $623.51 million, a P/E ratio of 7.98 and a beta of 0.94. The company has a quick ratio of 10.26, a current ratio of 10.26 and a debt-to-equity ratio of 0.10.
Daily Journal (NASDAQ:DJCO - Get Free Report) last posted its quarterly earnings results on Monday, December 30th. The company reported $19.41 earnings per share for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.
Daily Journal Company Profile
(
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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