Principal Financial Group Inc. Purchases Shares of 630 Daily Journal Co. (NASDAQ:DJCO)

Principal Financial Group Inc. purchased a new stake in shares of Daily Journal Co. (NASDAQ:DJCO) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 630 shares of the company’s stock, valued at approximately $309,000.

Several other large investors have also added to or reduced their stakes in DJCO. AltraVue Capital LLC boosted its position in 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 purchasing an additional 23,052 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 5,413 shares in the last quarter. Legato Capital Management LLC boosted its position in 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 purchasing an additional 4,661 shares in the last quarter. Renaissance Technologies LLC boosted its position in 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 purchasing an additional 1,511 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in 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 purchasing an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Analysts Set New Price Targets

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

Daily Journal Trading Down 0.6 %

Shares of Daily Journal stock opened at $577.48 on Monday. The firm has a market capitalization of $796.92 million, a price-to-earnings ratio of 17.71 and a beta of 0.91. 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. The stock has a 50 day moving average of $507.77 and a 200 day moving average of $449.91.

Daily Journal 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.