Daily Journal (NASDAQ:DJCO) Sees Unusually-High Trading Volume – Time to Buy?

Daily Journal Co. (NASDAQ:DJCO) shares saw strong trading volume on Wednesday . 24,674 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 24,320 shares.The stock last traded at $439.76 and had previously closed at $433.53.

Daily Journal Stock Down 6.6 %

The company has a market cap of $571.79 million, a price-to-earnings ratio of 7.49 and a beta of 0.90. The company has a current ratio of 10.26, a quick ratio of 10.26 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average price of $503.19 and a two-hundred day moving average price of $500.82.

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

Hedge Funds Weigh In On Daily Journal

A number of hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Daily Journal by 343.1% during the third quarter. Barclays PLC now owns 2,233 shares of the company’s stock valued at $1,094,000 after purchasing an additional 1,729 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Daily Journal by 133.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,622 shares of the company’s stock valued at $4,226,000 after purchasing an additional 4,924 shares during the last quarter. Angeles Wealth Management LLC acquired a new position in Daily Journal during the fourth quarter valued at approximately $650,000. State Street Corp grew its holdings in Daily Journal by 18.3% during the third quarter. State Street Corp now owns 32,968 shares of the company’s stock valued at $16,158,000 after purchasing an additional 5,092 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Daily Journal by 172.9% during the third quarter. BNP Paribas Financial Markets now owns 1,337 shares of the company’s stock valued at $655,000 after purchasing an additional 847 shares during the last quarter. Institutional investors and hedge funds own 51.23% of the company’s stock.

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.