Bank of New York Mellon Corp Has $1.94 Million Holdings in Daily Journal Co. (NASDAQ:DJCO)

Bank of New York Mellon Corp boosted its stake in shares of Daily Journal Co. (NASDAQ:DJCO) by 7.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,924 shares of the company’s stock after buying an additional 324 shares during the period. Bank of New York Mellon Corp owned approximately 0.36% of Daily Journal worth $1,942,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank bought a new stake in Daily Journal during the fourth quarter worth $832,000. Lazard Asset Management LLC increased its position in Daily Journal by 115.2% during the 1st quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock worth $210,000 after buying an additional 311 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Daily Journal by 7.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company’s stock worth $325,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 51.23% of the company’s stock.

Daily Journal Trading Up 0.1 %

NASDAQ DJCO opened at $487.61 on Wednesday. Daily Journal Co. has a 12 month low of $286.05 and a 12 month high of $509.97. The company has a current ratio of 8.58, a quick ratio of 8.58 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $454.46 and its two-hundred day moving average price is $400.81. The firm has a market capitalization of $671.44 million, a PE ratio of 30.23 and a beta of 0.92.

Daily Journal (NASDAQ:DJCO) last posted its quarterly 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 firm had revenue of $17.49 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Daily Journal from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.

About Daily Journal

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.