Legato Capital Management LLC Raises Stock Position in Daily Journal Corp. (S.C.) $DJCO

Legato Capital Management LLC increased its stake in Daily Journal Corp. (S.C.) (NASDAQ:DJCO) by 18.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,217 shares of the company’s stock after purchasing an additional 2,190 shares during the quarter. Daily Journal Corp. (S.C.) accounts for 0.6% of Legato Capital Management LLC’s portfolio, making the stock its 19th largest position. Legato Capital Management LLC owned about 1.03% of Daily Journal Corp. (S.C.) worth $6,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in shares of Daily Journal Corp. (S.C.) during the 3rd quarter worth $27,000. Advisory Services Network LLC purchased a new position in shares of Daily Journal Corp. (S.C.) during the 3rd quarter worth $36,000. Strs Ohio purchased a new position in shares of Daily Journal Corp. (S.C.) during the 4th quarter worth $49,000. CWM LLC boosted its stake in shares of Daily Journal Corp. (S.C.) by 208.7% during the 4th quarter. CWM LLC now owns 142 shares of the company’s stock worth $69,000 after acquiring an additional 96 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Daily Journal Corp. (S.C.) during the 1st quarter worth $383,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

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

Shares of NASDAQ DJCO opened at $473.28 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.42 and a current ratio of 15.42. The company has a market cap of $653.13 million, a P/E ratio of 46.63 and a beta of 0.89. The firm’s fifty day moving average is $503.04 and its two-hundred day moving average is $511.28. Daily Journal Corp. has a 52-week low of $348.63 and a 52-week high of $674.75.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($25.14) earnings per share (EPS) for the quarter. Daily Journal Corp. (S.C.) had a net margin of 14.83% and a return on equity of 3.79%. The company had revenue of $22.72 million during the quarter.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Monday. Wall Street Zen downgraded 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, Based on data from MarketBeat, Daily Journal Corp. (S.C.) currently has an average rating of “Hold”.

About Daily Journal Corp. (S.C.)

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.