BidaskClub downgraded shares of Daily Journal (NASDAQ:DJCO) from a hold rating to a sell rating in a research note issued to investors on Tuesday, BidAskClub reports.

DJCO stock traded down $0.97 during trading on Tuesday, hitting $229.46. The company had a trading volume of 102 shares, compared to its average volume of 863. The stock has a 50-day moving average price of $225.39. Daily Journal has a one year low of $192.83 and a one year high of $257.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 7.11 and a quick ratio of 7.11.

Daily Journal (NASDAQ:DJCO) last announced its earnings results on Thursday, May 9th. The company reported ($1.23) EPS for the quarter. Daily Journal had a negative net margin of 54.01% and a negative return on equity of 6.21%. The company had revenue of $10.71 million during the quarter.

A number of hedge funds have recently made changes to their positions in DJCO. BNP Paribas Arbitrage SA boosted its holdings in shares of Daily Journal by 205.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 244 shares of the company’s stock worth $52,000 after buying an additional 164 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Daily Journal by 419.8% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 421 shares of the company’s stock worth $99,000 after purchasing an additional 340 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Daily Journal in the 1st quarter worth $112,000. Rhumbline Advisers lifted its holdings in shares of Daily Journal by 42.0% in the 4th quarter. Rhumbline Advisers now owns 1,658 shares of the company’s stock worth $388,000 after purchasing an additional 490 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Daily Journal by 1.7% in the 4th quarter. Bank of New York Mellon Corp now owns 3,880 shares of the company’s stock worth $908,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 39.07% of the company’s stock.

About Daily Journal

Daily Journal Corporation publishes newspapers and Websites covering in California, Arizona, Colorado, and Utah. 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, The Daily Transcript, Business Journal, and The Record Reporter.

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