Wilmington Savings Fund Society FSB bought a new position in shares of Daily Journal Co. (NASDAQ:DJCO - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,400 shares of the company's stock, valued at approximately $3,137,000. Wilmington Savings Fund Society FSB owned 0.46% of Daily Journal as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC increased its stake in Daily Journal by 23.9% during the 3rd quarter. FMR LLC now owns 202 shares of the company's stock worth $99,000 after purchasing an additional 39 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Daily Journal in the third quarter valued at approximately $245,000. The Manufacturers Life Insurance Company bought a new position in Daily Journal during the second quarter worth $210,000. Principal Financial Group Inc. acquired a new position in shares of Daily Journal in the third quarter valued at $309,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Daily Journal by 7.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company's stock valued at $325,000 after purchasing an additional 64 shares during the period. Institutional investors own 51.23% of the company's stock.
Daily Journal Stock Performance
NASDAQ:DJCO traded down $7.89 during mid-day trading on Friday, hitting $565.01. 11,342 shares of the stock were exchanged, compared to its average volume of 11,242. The firm's 50-day simple moving average is $534.55 and its 200 day simple moving average is $469.30. The stock has a market capitalization of $779.71 million, a price-to-earnings ratio of 17.33 and a beta of 0.94. Daily Journal Co. has a fifty-two week low of $309.22 and a fifty-two week high of $602.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.58 and a current ratio of 8.58.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Daily Journal from a "sell" rating to a "hold" rating in a research note on Friday, August 23rd.
Check Out Our Latest Analysis on DJCO
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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