Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Reaches New 1-Year High – What’s Next?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) shares reached a new 52-week high on Monday . The company traded as high as $675.50 and last traded at $669.91, with a volume of 20035 shares trading hands. The stock had previously closed at $661.90.

Analyst Ratings Changes

DJCO has been the subject of several recent analyst reports. Weiss Ratings downgraded Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 14th. Wall Street Zen cut Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

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

The firm has a market cap of $930.24 million, a P/E ratio of -81.89 and a beta of 0.85. The business’s 50-day moving average is $598.57 and its two-hundred day moving average is $546.28. The company has a current ratio of 11.65, a quick ratio of 11.65 and a debt-to-equity ratio of 0.06.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($7.90) earnings per share (EPS) for the quarter. The company had revenue of $26.98 million for the quarter. Daily Journal Corp. (S.C.) had a negative net margin of 11.63% and a negative return on equity of 3.11%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP bought a new position in shares of Daily Journal Corp. (S.C.) in the second quarter valued at $583,000. Arizona State Retirement System acquired a new position in shares of Daily Journal Corp. (S.C.) in the 2nd quarter worth $217,000. Corient Private Wealth LP raised its position in shares of Daily Journal Corp. (S.C.) by 306.8% during the second quarter. Corient Private Wealth LP now owns 4,243 shares of the company’s stock worth $2,551,000 after purchasing an additional 3,200 shares during the period. California State Teachers Retirement System lifted its holdings in shares of Daily Journal Corp. (S.C.) by 81,091.1% during the second quarter. California State Teachers Retirement System now owns 961,303 shares of the company’s stock valued at $577,926,000 after purchasing an additional 960,119 shares during the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Daily Journal Corp. (S.C.) by 43.0% in the 2nd quarter. Headlands Technologies LLC now owns 1,278 shares of the company’s stock valued at $768,000 after purchasing an additional 384 shares during the period. Institutional investors own 51.23% of the company’s stock.

Daily Journal Corp. (S.C.) Company Profile

Daily Journal Corp. (S.C.) is a diversified information-services company that operates through newspaper publishing and software businesses. Its publications focus primarily on legal, business, and public-sector news and information, with operations historically centered in California and Arizona.

The company publishes the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide legal and business news, court coverage, public notices, and related information services.