AltraVue Capital LLC Buys 23,052 Shares of Daily Journal Co. (NASDAQ:DJCO)

AltraVue Capital LLC increased its stake in shares of Daily Journal Co. (NASDAQ:DJCO) by 195.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,826 shares of the company’s stock after acquiring an additional 23,052 shares during the quarter. Daily Journal makes up 1.4% of AltraVue Capital LLC’s investment portfolio, making the stock its 28th largest position. AltraVue Capital LLC owned approximately 2.53% of Daily Journal worth $13,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Lazard Asset Management LLC grew 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 acquiring an additional 311 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Daily Journal by 34.9% in the 1st 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 period. Price T Rowe Associates Inc. MD lifted its holdings in Daily Journal by 7.7% in the 1st 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 period. American Century Companies Inc. lifted its holdings in Daily Journal by 18.4% in 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 period. Finally, Swiss National Bank purchased a new stake in Daily Journal in the 4th quarter worth approximately $832,000. 51.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Daily Journal Trading Up 2.0 %

NASDAQ DJCO opened at $497.20 on Thursday. Daily Journal Co. has a fifty-two week low of $286.05 and a fifty-two week high of $509.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.58 and a current ratio of 8.58. The stock has a 50 day simple moving average of $456.48 and a two-hundred day simple moving average of $401.48. The stock has a market cap of $684.64 million, a P/E ratio of 30.82 and a beta of 0.92.

Daily Journal (NASDAQ:DJCO) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.79 earnings per share for the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%. The business had revenue of $17.49 million during the quarter.

Daily Journal Company Profile

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.