Daily Journal Co. (NASDAQ:DJCO – Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 8,149 shares traded hands during mid-day 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.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Daily Journal from a “sell” rating to a “hold” rating in a report on Friday, August 23rd.
View Our Latest Report on DJCO
Daily Journal Stock Up 3.6 %
Daily Journal (NASDAQ:DJCO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The company reported $0.79 EPS for the quarter. The firm 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 Investors Weigh In On Daily Journal
Several institutional investors and hedge funds have recently added to or reduced their stakes in DJCO. AltraVue Capital LLC increased its stake in Daily Journal by 195.8% in the 2nd quarter. AltraVue Capital LLC now owns 34,826 shares of the company’s stock valued at $13,738,000 after buying an additional 23,052 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Daily Journal by 22.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,040 shares of the company’s stock valued at $11,455,000 after buying an additional 5,413 shares during the last quarter. Legato Capital Management LLC increased its stake in Daily Journal by 199.9% in the 2nd quarter. Legato Capital Management LLC now owns 6,993 shares of the company’s stock valued at $2,759,000 after buying an additional 4,661 shares during the last quarter. Renaissance Technologies LLC increased its stake in Daily Journal by 39.8% in the 2nd quarter. Renaissance Technologies LLC now owns 5,311 shares of the company’s stock valued at $2,095,000 after buying an additional 1,511 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in Daily Journal in the 2nd quarter valued at about $519,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.
About Daily Journal
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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