Daily Journal (NASDAQ:DJCO) Hits New 52-Week High at $403.15

Daily Journal Co. (NASDAQ:DJCO) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $403.15 and last traded at $403.15, with a volume of 9799 shares. The stock had previously closed at $394.48.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DJCO. TheStreet upgraded Daily Journal from a “c+” rating to a “b” rating in a 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 Performance

The firm has a market cap of $556.14 million, a PE ratio of 24.46 and a beta of 0.95. 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 50-day moving average price of $372.95 and a 200 day moving average price of $353.58.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DJCO. Tower Research Capital LLC TRC lifted 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 worth $89,000 after acquiring an additional 197 shares in the last quarter. Pacific Global Investment Management Co. acquired a new position in shares of Daily Journal in the fourth quarter worth about $208,000. Lazard Asset Management LLC lifted 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 worth $210,000 after acquiring an additional 311 shares in the last quarter. Mutual Advisors LLC acquired a new position in shares of Daily Journal in the fourth quarter worth about $222,000. Finally, Equitable Trust Co. acquired a new position in shares of Daily Journal in the fourth quarter worth about $227,000. Institutional investors and hedge funds 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.