Daily Journal (NASDAQ:DJCO) Sets New 12-Month High at $462.66

Daily Journal Co. (NASDAQ:DJCO)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $462.66 and last traded at $454.82, with a volume of 11551 shares. The stock had previously closed at $448.00.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Daily Journal from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st.

Daily Journal Trading Up 5.1 %

The stock has a market capitalization of $649.59 million, a price-to-earnings ratio of 27.77 and a beta of 0.95. The company’s 50-day moving average is $390.99 and its 200-day moving average is $362.46. The company has a quick ratio of 8.97, a current ratio of 8.97 and a debt-to-equity ratio of 0.13.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DJCO. Tower Research Capital LLC TRC boosted its stake in shares of Daily Journal by 312.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 260 shares of the company’s stock valued at $89,000 after purchasing an additional 197 shares during the period. Pacific Global Investment Management Co. purchased a new position in shares of Daily Journal in the fourth quarter valued at approximately $208,000. Lazard Asset Management LLC boosted its stake in shares of Daily Journal by 115.2% in the first 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. Mutual Advisors LLC purchased a new position in shares of Daily Journal in the fourth quarter valued at approximately $222,000. Finally, Equitable Trust Co. purchased a new position in shares of Daily Journal in the fourth quarter valued at approximately $227,000. 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.