8,644 Shares in Daily Journal Corp. (S.C.) $DJCO Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new position in Daily Journal Corp. (S.C.) (NASDAQ:DJCO) in the 1st quarter, HoldingsChannel reports. The fund acquired 8,644 shares of the company’s stock, valued at approximately $4,169,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada grew its stake in shares of Daily Journal Corp. (S.C.) by 124.1% during the first quarter. Royal Bank of Canada now owns 1,423 shares of the company’s stock valued at $566,000 after buying an additional 788 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Daily Journal Corp. (S.C.) by 26.3% during the 1st quarter. AQR Capital Management LLC now owns 2,362 shares of the company’s stock worth $939,000 after acquiring an additional 492 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Daily Journal Corp. (S.C.) during the 1st quarter worth approximately $383,000. JPMorgan Chase & Co. boosted its holdings in Daily Journal Corp. (S.C.) by 93.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,607 shares of the company’s stock valued at $679,000 after acquiring an additional 778 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Daily Journal Corp. (S.C.) by 10.4% during the 2nd quarter. Legal & General Group Plc now owns 1,264 shares of the company’s stock valued at $534,000 after acquiring an additional 119 shares during the period. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Daily Journal Corp. (S.C.) from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Hold rating, According to MarketBeat, Daily Journal Corp. (S.C.) currently has an average rating of “Hold”.

Daily Journal Corp. (S.C.) Trading Up 1.8%

Shares of DJCO opened at $591.65 on Wednesday. The firm has a market capitalization of $815.29 million, a price-to-earnings ratio of 58.29 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 15.42 and a quick ratio of 15.42. Daily Journal Corp. has a 1-year low of $348.63 and a 1-year high of $674.75. The company has a 50-day moving average of $550.25 and a 200 day moving average of $540.73.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last issued its earnings results on Thursday, May 14th. The company reported ($25.14) EPS for the quarter. The company had revenue of $22.72 million during the quarter. Daily Journal Corp. (S.C.) had a return on equity of 3.79% and a net margin of 14.83%.

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.