Daily Journal (NASDAQ:DJCO) Sees Large Volume Increase – Should You Buy?

Daily Journal Co. (NASDAQ:DJCO) saw strong trading volume on Friday . 65,716 shares were traded during mid-day trading, an increase of 116% from the previous session’s volume of 30,400 shares.The stock last traded at $467.51 and had previously closed at $483.14.

Daily Journal Price Performance

The company has a market capitalization of $624.86 million, a PE ratio of 7.98 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 10.26 and a quick ratio of 10.26. The company’s 50 day simple moving average is $553.53 and its 200 day simple moving average is $503.47.

Daily Journal (NASDAQ:DJCO) last posted its earnings results on Monday, December 30th. The company reported $19.41 EPS for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.

Institutional Trading of Daily Journal

Institutional investors and hedge funds have recently made changes to their positions in the company. FMR LLC grew its stake in Daily Journal by 23.9% during the 3rd quarter. FMR LLC now owns 202 shares of the company’s stock worth $99,000 after buying an additional 39 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Daily Journal during the second quarter worth approximately $210,000. Cross Staff Investments Inc acquired a new position in shares of Daily Journal in the 4th quarter valued at $227,000. SG Americas Securities LLC purchased a new stake in Daily Journal in the 3rd quarter valued at $245,000. Finally, Miracle Mile Advisors LLC acquired a new stake in Daily Journal during the 4th quarter worth $250,000. 51.23% of the stock is owned by hedge funds and other institutional investors.

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.