Daily Journal (NASDAQ:DJCO) Reaches New 52-Week High at $413.00

Daily Journal Co. (NASDAQ:DJCO)’s stock price hit a new 52-week high on Thursday . The company traded as high as $413.00 and last traded at $413.00, with a volume of 9309 shares traded. The stock had previously closed at $396.04.

Analysts Set New Price Targets

DJCO has been the subject of several research reports. TheStreet raised shares of Daily Journal from a “c+” rating to a “b” rating in a research report on Monday, March 18th. StockNews.com upgraded shares of Daily Journal from a “sell” rating to a “hold” rating in a report on Tuesday, May 21st.

Daily Journal Trading Up 1.7 %

The company has a quick ratio of 8.97, a current ratio of 8.97 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $383.59 and a 200 day moving average price of $358.21. The stock has a market capitalization of $578.16 million, a PE ratio of 26.03 and a beta of 0.95.

Daily Journal (NASDAQ:DJCO) last released its quarterly earnings results on Tuesday, May 14th. The company reported $11.19 earnings per share for the quarter. Daily Journal had a net margin of 30.94% and a return on equity of 16.55%. The company had revenue of $16.57 million for the quarter.

Institutional Trading of Daily Journal

Several hedge funds have recently added to or reduced their stakes in DJCO. Price T Rowe Associates Inc. MD increased its position in Daily Journal by 7.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company’s stock worth $325,000 after buying an additional 64 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in Daily Journal by 115.2% during the first quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock valued at $210,000 after purchasing an additional 311 shares during the last quarter. Swiss National Bank boosted its position in Daily Journal by 4.1% during the first quarter. Swiss National Bank now owns 2,542 shares of the company’s stock worth $919,000 after purchasing an additional 100 shares during the period. BNP Paribas Financial Markets boosted its position in Daily Journal by 34.9% during the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock worth $246,000 after purchasing an additional 176 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Daily Journal by 312.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 260 shares of the company’s stock worth $89,000 after purchasing an additional 197 shares in the last quarter. Institutional investors 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.