Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Sets New 1-Year High – Here’s Why

Daily Journal Corp. (S.C.) (NASDAQ:DJCO)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $575.00 and last traded at $568.7250, with a volume of 83760 shares traded. The stock had previously closed at $553.91.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Daily Journal Corp. (S.C.) presently has an average rating of “Hold”.

Daily Journal Corp. (S.C.) Trading Up 3.6%

The company’s 50 day simple moving average is $461.76 and its two-hundred day simple moving average is $441.25. The company has a market capitalization of $791.62 million, a price-to-earnings ratio of 7.05 and a beta of 0.82. The company has a quick ratio of 13.89, a current ratio of 13.89 and a debt-to-equity ratio of 0.06.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings data on Monday, December 29th. The company reported $30.61 earnings per share for the quarter. Daily Journal Corp. (S.C.) had a net margin of 127.86% and a return on equity of 32.88%. The firm had revenue of $28.41 million for the quarter.

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

Large investors have recently modified their holdings of the business. RWWM Inc. raised its position in shares of Daily Journal Corp. (S.C.) by 1.2% during the 3rd quarter. RWWM Inc. now owns 338,941 shares of the company’s stock valued at $157,655,000 after buying an additional 4,039 shares during the period. Vanguard Group Inc. increased its holdings in Daily Journal Corp. (S.C.) by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 102,088 shares of the company’s stock valued at $47,485,000 after purchasing an additional 1,845 shares during the last quarter. Advisory Research Inc. raised its position 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 valued at $26,730,000 after purchasing an additional 19,627 shares during the period. AltraVue Capital LLC lifted its stake in Daily Journal Corp. (S.C.) by 31.7% during the third quarter. AltraVue Capital LLC now owns 56,759 shares of the company’s stock worth $26,401,000 after purchasing an additional 13,660 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Daily Journal Corp. (S.C.) by 2.8% during the third quarter. Dimensional Fund Advisors LP now owns 45,327 shares of the company’s stock worth $21,084,000 after buying an additional 1,242 shares during the period. Hedge funds and other institutional investors own 51.23% of the company’s stock.

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

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.