Shayne & Jacobs LLC trimmed its holdings in shares of Daily Journal Co. (NASDAQ:DJCO - Free Report) by 47.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,349 shares of the company's stock after selling 1,199 shares during the period. Shayne & Jacobs LLC owned approximately 0.10% of Daily Journal worth $661,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in DJCO. Lazard Asset Management LLC raised its stake in Daily Journal by 115.2% during the first quarter. Lazard Asset Management LLC now owns 581 shares of the company's stock worth $210,000 after acquiring an additional 311 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Daily Journal during the 2nd quarter worth about $210,000. SG Americas Securities LLC bought a new position in Daily Journal during the 3rd quarter valued at about $245,000. BNP Paribas Financial Markets grew its stake in Daily Journal by 34.9% during the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company's stock worth $246,000 after buying an additional 176 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Daily Journal by 7.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company's stock worth $325,000 after buying an additional 64 shares during the last quarter. 51.23% of the stock is currently owned by institutional investors and hedge funds.
Daily Journal Price Performance
Shares of NASDAQ:DJCO traded down $5.40 during midday trading on Friday, reaching $481.60. The company's stock had a trading volume of 14,315 shares, compared to its average volume of 11,085. The business's fifty day simple moving average is $481.63 and its 200-day simple moving average is $422.89. 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 Co. has a fifty-two week low of $286.05 and a fifty-two week high of $512.49. The company has a market capitalization of $663.16 million, a P/E ratio of 29.86 and a beta of 0.91.
Daily Journal (NASDAQ:DJCO - Get Free Report) last announced its earnings results on Wednesday, August 14th. The company reported $0.79 earnings per share for the quarter. Daily Journal had a net margin of 62.70% and a return on equity of 15.90%. The company had revenue of $17.49 million during the quarter.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Daily Journal from a "sell" rating to a "hold" rating in a report on Friday, August 23rd.
Read Our Latest Research Report on DJCO
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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