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

Daily Journal Co. (NASDAQ:DJCO)’s share price hit a new 52-week high during mid-day trading 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.

Wall Street Analysts Forecast Growth

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

Daily Journal Stock Up 4.3 %

The company has a debt-to-equity ratio of 0.13, a current ratio of 8.97 and a quick ratio of 8.97. The stock has a market capitalization of $569.94 million, a PE ratio of 24.55 and a beta of 0.95. The company has a 50 day moving average price of $381.51 and a 200-day moving average price of $357.29.

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

Hedge Funds Weigh In On Daily Journal

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position 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 valued at $325,000 after acquiring an additional 64 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of Daily Journal by 115.2% in the 1st 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 period. Swiss National Bank boosted its position in shares of Daily Journal by 4.1% during the first quarter. Swiss National Bank now owns 2,542 shares of the company’s stock valued at $919,000 after purchasing an additional 100 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Daily Journal by 34.9% in 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 raised its holdings in 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. Hedge funds and other 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.