Daily Journal (NASDAQ:DJCO) Sees Large Volume Increase

Daily Journal Co. (NASDAQ:DJCO) shares saw an uptick in trading volume on Monday . 16,401 shares traded hands during trading, an increase of 57% from the previous session’s volume of 10,454 shares.The stock last traded at $465.25 and had previously closed at $460.20.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Daily Journal from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd.

Daily Journal Price Performance

The company has a 50 day moving average of $443.71 and a two-hundred day moving average of $393.57. The firm has a market cap of $653.03 million, a P/E ratio of 28.53 and a beta of 0.92. The company has a quick ratio of 8.58, a current ratio of 8.58 and a debt-to-equity ratio of 0.11.

Daily Journal (NASDAQ:DJCO) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.79 earnings per share for the quarter. The company had revenue of $17.49 million during the quarter. Daily Journal had a net margin of 62.70% and a return on equity of 15.90%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Pacific Global Investment Management Co. bought a new stake in shares of Daily Journal during the 4th quarter worth $208,000. Lazard Asset Management LLC lifted its holdings in shares of 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. The Manufacturers Life Insurance Company acquired a new position in shares of Daily Journal in the 2nd quarter valued at $210,000. BNP Paribas Financial Markets increased its stake in Daily Journal by 34.9% in the 1st quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock worth $246,000 after purchasing an additional 176 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Daily Journal by 7.7% during the 1st 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 period. Institutional investors own 51.23% of the company’s stock.

Daily Journal Company Profile

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.