The Manufacturers Life Insurance Company bought a new stake in shares of Daily Journal Co. (NASDAQ:DJCO) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 749 shares of the company’s stock, valued at approximately $303,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Daily Journal as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the company. Rhumbline Advisers boosted its position in shares of Daily Journal by 8.8% during the 4th quarter. Rhumbline Advisers now owns 1,448 shares of the company’s stock valued at $585,000 after acquiring an additional 117 shares in the last quarter. Citigroup Inc. boosted its position in Daily Journal by 327.8% in the fourth quarter. Citigroup Inc. now owns 231 shares of the company’s stock valued at $93,000 after buying an additional 177 shares in the last quarter. Panagora Asset Management Inc. boosted its position in Daily Journal by 104.0% in the fourth quarter. Panagora Asset Management Inc. now owns 1,012 shares of the company’s stock valued at $409,000 after buying an additional 516 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Daily Journal by 6.8% in the fourth quarter. BlackRock Inc. now owns 76,765 shares of the company’s stock valued at $31,013,000 after buying an additional 4,870 shares in the last quarter. Institutional investors and hedge funds own 38.34% of the company’s stock.
Separately, TheStreet upgraded shares of Daily Journal from a “c” rating to a “b” rating in a research report on Wednesday, January 6th.
Daily Journal (NASDAQ:DJCO) last released its quarterly earnings results on Friday, February 12th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $10.42 million during the quarter. Daily Journal had a net margin of 8.22% and a negative return on equity of 3.68%.
Daily Journal Profile
Daily Journal Corporation publishes newspapers and websites covering in California, Arizona, and Utah. 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, The Daily Transcript, Business Journal, and The Record Reporter.
Further Reading: Intrinsic Value and Stock Selection
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