Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Reaches New 1-Year High – Still a Buy?

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) hit a new 52-week high on Thursday . The company traded as high as $662.00 and last traded at $659.8750, with a volume of 16453 shares trading hands. The stock had previously closed at $649.96.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Daily Journal Corp. (S.C.) currently has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Price Performance

The stock has a market capitalization of $917.31 million, a P/E ratio of 8.16 and a beta of 0.82. The company has a 50 day moving average of $522.39 and a 200-day moving average of $460.06. The company has a quick ratio of 13.89, a current ratio of 13.89 and a debt-to-equity ratio of 0.06.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last issued its earnings results on Monday, December 29th. The company reported $30.61 earnings per share for the quarter. Daily Journal Corp. (S.C.) had a net margin of 127.86% and a return on equity of 32.88%. The company had revenue of $28.41 million for the quarter.

Hedge Funds Weigh In On Daily Journal Corp. (S.C.)

Several institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers grew its holdings in Daily Journal Corp. (S.C.) by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 2,097 shares of the company’s stock worth $885,000 after buying an additional 35 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Daily Journal Corp. (S.C.) during the third quarter valued at about $27,000. Intech Investment Management LLC lifted its holdings in Daily Journal Corp. (S.C.) by 11.9% in the second quarter. Intech Investment Management LLC now owns 600 shares of the company’s stock worth $253,000 after purchasing an additional 64 shares during the period. Advisory Services Network LLC bought a new position in Daily Journal Corp. (S.C.) in the 3rd quarter valued at about $36,000. Finally, California State Teachers Retirement System increased its stake in Daily Journal Corp. (S.C.) by 7.1% during the 3rd quarter. California State Teachers Retirement System now owns 1,195 shares of the company’s stock valued at $556,000 after buying an additional 79 shares during the period. 51.23% of the stock is owned by institutional investors.

Daily Journal Corp. (S.C.) Company Profile

Daily Journal Corporation (NASDAQ: DJCO) is a diversified media and technology company headquartered in Los Angeles, California. The company operates in two primary segments: legal publishing and software solutions. Its publishing arm produces the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide daily coverage of legal news, court decisions, opinion pieces and public notices to attorneys, judges and legal professionals across California.

In addition to its flagship newspapers, Daily Journal Corp.