Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Posts Quarterly Earnings Results

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) announced its quarterly earnings data on Thursday. The company reported ($25.14) earnings per share for the quarter, Zacks reports. Daily Journal Corp. (S.C.) had a return on equity of 25.60% and a net margin of 104.17%.The firm had revenue of $22.72 million during the quarter.

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

Shares of NASDAQ:DJCO traded down $7.93 during midday trading on Friday, reaching $466.08. 5,037 shares of the company traded hands, compared to its average volume of 76,283. The firm’s fifty day moving average price is $509.77 and its two-hundred day moving average price is $508.99. The firm has a market capitalization of $643.19 million, a price-to-earnings ratio of 6.90 and a beta of 0.89. The company has a quick ratio of 16.31, a current ratio of 16.31 and a debt-to-equity ratio of 0.05. Daily Journal Corp. has a 12 month low of $348.63 and a 12 month high of $674.75.

Analyst Upgrades and Downgrades

Several research firms have commented on DJCO. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Institutional Investors Weigh In On Daily Journal Corp. (S.C.)

Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new stake in shares of Daily Journal Corp. (S.C.) in the third quarter worth about $36,000. Parallel Advisors LLC increased its holdings in Daily Journal Corp. (S.C.) by 178.9% during the 4th quarter. Parallel Advisors LLC now owns 106 shares of the company’s stock worth $52,000 after acquiring an additional 68 shares during the period. Intech Investment Management LLC purchased a new stake in Daily Journal Corp. (S.C.) in the 4th quarter worth approximately $202,000. State Board of Administration of Florida Retirement System purchased a new stake in Daily Journal Corp. (S.C.) in the 4th quarter worth approximately $212,000. Finally, Graham Capital Management L.P. bought a new position in Daily Journal Corp. (S.C.) in the 4th quarter valued at $224,000. 51.23% of the stock is currently 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.