Shares of Daily Journal Co. (NASDAQ:DJCO – Get Free Report) saw strong trading volume on Tuesday . 8,149 shares changed hands during trading, a decline of 26% from the previous session’s volume of 11,078 shares.The stock last traded at $474.48 and had previously closed at $473.85.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Daily Journal from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd.
Read Our Latest Stock Report on Daily Journal
Daily Journal Stock Up 3.6 %
Daily Journal (NASDAQ:DJCO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.79 EPS for the quarter. The business had revenue of $17.49 million for the quarter. Daily Journal had a net margin of 62.70% and a return on equity of 15.90%.
Hedge Funds Weigh In On Daily Journal
Institutional investors and hedge funds have recently made changes to their positions in the stock. Lazard Asset Management LLC boosted its position in shares of Daily Journal by 115.2% during the 1st quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock worth $210,000 after purchasing an additional 311 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Daily Journal during the 2nd quarter worth about $210,000. SG Americas Securities LLC bought a new position in shares of Daily Journal during the 3rd quarter worth about $245,000. BNP Paribas Financial Markets boosted its position in shares of Daily Journal by 34.9% during 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 boosted its position in shares of 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 purchasing an additional 64 shares in the last quarter. 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.
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