BNP Paribas Financial Markets Has $655,000 Stock Position in Daily Journal Co. (NASDAQ:DJCO)

BNP Paribas Financial Markets lifted its holdings in Daily Journal Co. (NASDAQ:DJCO) by 172.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,337 shares of the company’s stock after acquiring an additional 847 shares during the period. BNP Paribas Financial Markets owned approximately 0.10% of Daily Journal worth $655,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DJCO. FMR LLC increased its holdings in Daily Journal by 23.9% in the 3rd quarter. FMR LLC now owns 202 shares of the company’s stock valued at $99,000 after buying an additional 39 shares during the period. SG Americas Securities LLC bought a new position in Daily Journal in the third quarter valued at approximately $245,000. The Manufacturers Life Insurance Company acquired a new position in Daily Journal during the second quarter valued at approximately $210,000. Principal Financial Group Inc. bought a new stake in Daily Journal during the third quarter worth $309,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Daily Journal by 7.7% in the 1st 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 in the last quarter. 51.23% of the stock is owned by institutional investors.

Daily Journal Stock Down 2.7 %

Shares of NASDAQ DJCO opened at $572.90 on Friday. The company’s 50 day moving average price is $532.68 and its 200-day moving average price is $468.11. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.58 and a current ratio of 8.58. Daily Journal Co. has a 52-week low of $309.22 and a 52-week high of $602.00. The company has a market capitalization of $788.88 million, a P/E ratio of 17.57 and a beta of 0.94.

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.

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.