Daily Journal Co. (NASDAQ:DJCO – Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $462.66 and last traded at $454.82, with a volume of 11551 shares changing hands. The stock had previously closed at $448.00.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Daily Journal from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st.
View Our Latest Research Report on Daily Journal
Daily Journal Price Performance
Daily Journal (NASDAQ:DJCO – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The company reported $11.19 earnings per share (EPS) for the quarter. Daily Journal had a return on equity of 16.55% and a net margin of 30.94%. The company had revenue of $16.57 million during the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in Daily Journal by 312.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 260 shares of the company’s stock valued at $89,000 after purchasing an additional 197 shares in the last quarter. Pacific Global Investment Management Co. purchased a new position in Daily Journal in the fourth quarter worth $208,000. Lazard Asset Management LLC grew its position 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 buying an additional 311 shares during the period. Mutual Advisors LLC purchased a new position in shares of Daily Journal during the 4th quarter valued at $222,000. Finally, Equitable Trust Co. purchased a new stake in shares of Daily Journal during the fourth quarter worth $227,000. 51.23% of the stock is owned by institutional investors.
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.
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