Daily Journal (NASDAQ:DJCO) Sees Unusually-High Trading Volume

Shares of Daily Journal Co. (NASDAQ:DJCO) saw an uptick in trading volume on Monday . 16,401 shares changed hands during mid-day 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.

Analyst Upgrades and Downgrades

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 debt-to-equity ratio of 0.11, a quick ratio of 8.58 and a current ratio of 8.58. The firm has a market cap of $652.88 million, a P/E ratio of 29.47 and a beta of 0.92. The company has a 50-day moving average of $446.32 and a 200 day moving average of $395.66.

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

Institutional Investors Weigh In On Daily Journal

A number of hedge funds and other institutional investors have recently bought and sold shares of DJCO. The Manufacturers Life Insurance Company acquired a new stake in Daily Journal during the 2nd quarter valued at $210,000. Lazard Asset Management LLC increased 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 buying an additional 311 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Daily Journal by 34.9% in the 1st quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock valued at $246,000 after buying an additional 176 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Daily Journal by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company’s stock valued at $325,000 after buying an additional 64 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of Daily Journal in the 2nd quarter valued at $519,000. 51.23% of the stock is owned by institutional investors and hedge funds.

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.