Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Posts Earnings Results

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) issued its quarterly earnings results on Monday. The company reported $30.61 earnings per share (EPS) for the quarter, Zacks reports. Daily Journal Corp. (S.C.) had a net margin of 122.18% and a return on equity of 30.90%.

Daily Journal Corp. (S.C.) Stock Performance

Shares of NASDAQ:DJCO traded down $9.35 on Monday, reaching $507.66. 60,133 shares of the company’s stock were exchanged, compared to its average volume of 95,492. The business’s 50-day moving average is $446.46 and its two-hundred day moving average is $435.35. The company has a quick ratio of 12.41, a current ratio of 12.42 and a debt-to-equity ratio of 0.07. Daily Journal Corp. has a fifty-two week low of $348.63 and a fifty-two week high of $596.60. The firm has a market capitalization of $700.57 million, a price-to-earnings ratio of 7.23 and a beta of 0.94.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Daily Journal Corp. (S.C.) currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Daily Journal Corp. (S.C.)

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in Daily Journal Corp. (S.C.) during the 3rd quarter valued at about $36,000. Jane Street Group LLC bought a new stake in Daily Journal Corp. (S.C.) during the first quarter worth approximately $383,000. Engineers Gate Manager LP bought a new stake in shares of Daily Journal Corp. (S.C.) in the 2nd quarter worth $440,000. California State Teachers Retirement System raised its stake in shares of Daily Journal Corp. (S.C.) by 7.1% in the 3rd quarter. California State Teachers Retirement System now owns 1,195 shares of the company’s stock worth $556,000 after buying an additional 79 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Daily Journal Corp. (S.C.) by 10.4% in the second quarter. Legal & General Group Plc now owns 1,264 shares of the company’s stock valued at $534,000 after buying an additional 119 shares during the period. 51.23% of the stock is owned by institutional investors and hedge funds.

About Daily Journal Corp. (S.C.)

Daily Journal Corporation (NASDAQ: DJCO) is a diversified media and technology company headquartered in Los Angeles, California. The company operates in two primary segments: legal publishing and software solutions. Its publishing arm produces the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide daily coverage of legal news, court decisions, opinion pieces and public notices to attorneys, judges and legal professionals across California.

In addition to its flagship newspapers, Daily Journal Corp.