JPMorgan Chase & Co. grew its stake in shares of Daily Journal Co. (NASDAQ:DJCO - Free Report) by 71.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,099 shares of the company's stock after buying an additional 2,133 shares during the period. JPMorgan Chase & Co. owned 0.37% of Daily Journal worth $2,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Daily Journal in the 3rd quarter valued at $3,137,000. State Street Corp increased its holdings in shares of Daily Journal by 18.3% in the third quarter. State Street Corp now owns 32,968 shares of the company's stock worth $16,158,000 after purchasing an additional 5,092 shares during the last quarter. Barclays PLC lifted its position in shares of Daily Journal by 343.1% in the third quarter. Barclays PLC now owns 2,233 shares of the company's stock worth $1,094,000 after buying an additional 1,729 shares in the last quarter. Angeles Wealth Management LLC bought a new position in Daily Journal during the fourth quarter valued at approximately $650,000. Finally, Raymond James Financial Inc. bought a new position in Daily Journal during the fourth quarter valued at approximately $372,000. Hedge funds and other institutional investors own 51.23% of the company's stock.
Daily Journal Price Performance
NASDAQ:DJCO traded down $3.66 during trading hours on Friday, reaching $381.05. The stock had a trading volume of 4,565 shares, compared to its average volume of 15,462. The stock has a market capitalization of $524.71 million, a PE ratio of 6.87 and a beta of 0.89. Daily Journal Co. has a 52 week low of $333.29 and a 52 week high of $602.00. The company has a 50 day moving average price of $389.15 and a two-hundred day moving average price of $472.73. The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 12.31.
Daily Journal (NASDAQ:DJCO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $7.91 earnings per share for the quarter. Daily Journal had a net margin of 106.63% and a return on equity of 20.64%. The company had revenue of $17.70 million for the quarter.
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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