Shares of Daily Journal Co. (NASDAQ:DJCO – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 29,135 shares were traded during mid-day trading, an increase of 207% from the previous session’s volume of 9,488 shares.The stock last traded at $408.00 and had previously closed at $413.26.
Analysts Set New Price Targets
Separately, StockNews.com upgraded shares of Daily Journal from a “sell” rating to a “hold” rating in a research note on Tuesday, May 21st.
View Our Latest Stock Report on Daily Journal
Daily Journal Stock Performance
Daily Journal (NASDAQ:DJCO – Get Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $11.19 earnings per share for the quarter. Daily Journal had a net margin of 30.94% and a return on equity of 16.55%. The firm had revenue of $16.57 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Legato Capital Management LLC boosted its stake in Daily Journal by 199.9% during the second quarter. Legato Capital Management LLC now owns 6,993 shares of the company’s stock worth $2,759,000 after buying an additional 4,661 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Daily Journal by 7.0% during the second quarter. Bank of New York Mellon Corp now owns 4,924 shares of the company’s stock worth $1,942,000 after purchasing an additional 324 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Daily Journal by 7.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company’s stock worth $325,000 after purchasing an additional 64 shares during the last quarter. Lazard Asset Management LLC lifted its position in shares of Daily Journal by 115.2% during the first quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock worth $210,000 after purchasing an additional 311 shares during the last quarter. Finally, Swiss National Bank lifted 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 worth $919,000 after purchasing an additional 100 shares during the last quarter. 51.23% of the stock is owned by hedge funds and other institutional investors.
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.
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