Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Shares Down 9.5% – Here’s Why

Shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO) fell 9.5% during trading on Tuesday . The stock traded as low as $465.20 and last traded at $463.74. 33,403 shares changed hands during trading, a decline of 56% from the average session volume of 76,482 shares. The stock had previously closed at $512.56.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

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

The company has a quick ratio of 13.89, a current ratio of 13.89 and a debt-to-equity ratio of 0.06. The stock has a 50 day simple moving average of $562.60 and a 200 day simple moving average of $480.53. The company has a market capitalization of $710.64 million, a price-to-earnings ratio of 7.60 and a beta of 0.79.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($5.79) earnings per share for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 26.04% and a net margin of 104.17%.The company had revenue of $19.54 million for the quarter.

Institutional Trading of Daily Journal Corp. (S.C.)

Large investors have recently modified their holdings of the company. Invesco Ltd. lifted its position in Daily Journal Corp. (S.C.) by 4.9% in the 4th quarter. Invesco Ltd. now owns 1,010 shares of the company’s stock valued at $492,000 after purchasing an additional 47 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its stake in shares of Daily Journal Corp. (S.C.) by 367.4% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 7,478 shares of the company’s stock valued at $3,644,000 after purchasing an additional 5,878 shares during the period. Millennium Management LLC raised its holdings in shares of Daily Journal Corp. (S.C.) by 924.9% during the fourth quarter. Millennium Management LLC now owns 23,347 shares of the company’s stock valued at $11,377,000 after buying an additional 21,069 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Daily Journal Corp. (S.C.) by 1,806.2% during the fourth quarter. Janus Henderson Group PLC now owns 11,437 shares of the company’s stock valued at $5,574,000 after buying an additional 10,837 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Daily Journal Corp. (S.C.) by 87.7% during the fourth quarter. AQR Capital Management LLC now owns 3,075 shares of the company’s stock worth $1,499,000 after buying an additional 1,437 shares during the period. Institutional investors and hedge funds own 51.23% of the company’s stock.

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.