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

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

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings cut shares of Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 14th. Wall Street Zen lowered Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Stock Up 1.6%

The firm’s fifty day simple moving average is $602.89 and its 200-day simple moving average is $548.62. The company has a market cap of $947.60 million, a PE ratio of -83.66 and a beta of 0.85. The company has a quick ratio of 11.65, a current ratio of 11.65 and a debt-to-equity ratio of 0.06.

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

Hedge Funds Weigh In On Daily Journal Corp. (S.C.)

A number of institutional investors have recently made changes to their positions in DJCO. Engineers Gate Manager LP acquired a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter valued at $583,000. Arizona State Retirement System acquired a new position in Daily Journal Corp. (S.C.) in the 2nd quarter valued at about $217,000. Corient Private Wealth LP raised its stake in Daily Journal Corp. (S.C.) by 306.8% in the 2nd quarter. Corient Private Wealth LP now owns 4,243 shares of the company’s stock valued at $2,551,000 after purchasing an additional 3,200 shares during the last quarter. Headlands Technologies LLC lifted its holdings in 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 in the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in Daily Journal Corp. (S.C.) by 38.7% in the 2nd quarter. Susquehanna International Group LLP now owns 642 shares of the company’s stock valued at $386,000 after purchasing an additional 179 shares in the last quarter. 51.23% of the stock is owned by institutional investors and hedge funds.

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.