Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Down 5.2% – Time to Sell?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO)’s share price was down 5.2% on Monday . The company traded as low as $483.00 and last traded at $488.0450. Approximately 27,830 shares were traded during trading, a decline of 66% from the average daily volume of 81,953 shares. The stock had previously closed at $515.08.

Analyst Ratings Changes

DJCO has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday, January 21st. Wall Street Zen lowered Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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

The company’s 50-day moving average price is $514.62 and its 200 day moving average price is $505.08. The company has a debt-to-equity ratio of 0.05, a quick ratio of 16.31 and a current ratio of 16.31. The stock has a market capitalization of $676.98 million, a PE ratio of 7.25 and a beta of 0.89.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($5.79) earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a net margin of 104.17% and a return on equity of 25.60%. The company had revenue of $19.54 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. RWWM Inc. lifted its stake in shares of Daily Journal Corp. (S.C.) by 1.2% in the 3rd quarter. RWWM Inc. now owns 338,941 shares of the company’s stock valued at $157,655,000 after purchasing an additional 4,039 shares during the period. Caprock Group LLC purchased a new stake in Daily Journal Corp. (S.C.) in the third quarter worth $2,609,000. New York State Common Retirement Fund grew its stake in Daily Journal Corp. (S.C.) by 26.8% in the third quarter. New York State Common Retirement Fund now owns 11,483 shares of the company’s stock worth $5,341,000 after purchasing an additional 2,424 shares during the period. Advisory Research Inc. raised its holdings in Daily Journal Corp. (S.C.) by 51.9% in the third quarter. Advisory Research Inc. now owns 57,467 shares of the company’s stock worth $26,730,000 after purchasing an additional 19,627 shares in the last quarter. Finally, Legato Capital Management LLC lifted its position in Daily Journal Corp. (S.C.) by 29.3% during the third quarter. Legato Capital Management LLC now owns 12,027 shares of the company’s stock valued at $5,594,000 after buying an additional 2,722 shares during the period. Hedge funds and other institutional investors own 51.23% of the company’s stock.

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.