Daily Journal Co. (NASDAQ:DJCO – Get Free Report)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $510.70 and last traded at $510.70, with a volume of 940 shares changing hands. The stock had previously closed at $497.20.
Analyst Ratings Changes
Separately, StockNews.com upgraded Daily Journal from a “sell” rating to a “hold” rating in a research note on Friday, August 23rd.
Check Out Our Latest Stock Report on Daily Journal
Daily Journal Trading Down 2.2 %
Daily Journal (NASDAQ:DJCO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.79 EPS 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 for the quarter.
Institutional Investors Weigh In On Daily Journal
Several institutional investors have recently made changes to their positions in the stock. AltraVue Capital LLC lifted its position in shares of Daily Journal by 195.8% during the second quarter. AltraVue Capital LLC now owns 34,826 shares of the company’s stock worth $13,738,000 after acquiring an additional 23,052 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Daily Journal by 22.9% during the second quarter. Dimensional Fund Advisors LP now owns 29,040 shares of the company’s stock worth $11,455,000 after acquiring an additional 5,413 shares in the last quarter. Legato Capital Management LLC lifted its position in shares of Daily Journal by 199.9% during the second quarter. Legato Capital Management LLC now owns 6,993 shares of the company’s stock worth $2,759,000 after acquiring an additional 4,661 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Daily Journal by 39.8% during the second quarter. Renaissance Technologies LLC now owns 5,311 shares of the company’s stock worth $2,095,000 after acquiring an additional 1,511 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Daily Journal by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 4,924 shares of the company’s stock worth $1,942,000 after acquiring an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.
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.
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