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

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

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

DJCO stock traded up $2.49 during trading on Thursday, reaching $474.01. 15,252 shares of the stock were exchanged, compared to its average volume of 34,564. Daily Journal Corp. has a twelve month low of $348.63 and a twelve month high of $674.75. The company has a market capitalization of $654.13 million, a P/E ratio of 7.00 and a beta of 0.89. The stock has a 50 day simple moving average of $509.77 and a 200-day simple moving average of $508.99. The company has a current ratio of 16.31, a quick ratio of 16.31 and a debt-to-equity ratio of 0.05.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Aviva PLC boosted its holdings in Daily Journal Corp. (S.C.) by 3.4% during the fourth quarter. Aviva PLC now owns 1,047 shares of the company’s stock valued at $510,000 after purchasing an additional 34 shares in the last quarter. Rhumbline Advisers grew its position in Daily Journal Corp. (S.C.) by 1.7% in the second quarter. Rhumbline Advisers now owns 2,097 shares of the company’s stock valued at $885,000 after acquiring an additional 35 shares during the period. Invesco Ltd. grew its position in Daily Journal Corp. (S.C.) by 4.9% in the fourth quarter. Invesco Ltd. now owns 1,010 shares of the company’s stock valued at $492,000 after acquiring an additional 47 shares during the period. Cerity Partners LLC grew its position in Daily Journal Corp. (S.C.) by 1.0% in the fourth quarter. Cerity Partners LLC now owns 4,921 shares of the company’s stock valued at $2,398,000 after acquiring an additional 47 shares during the period. Finally, Deutsche Bank AG grew its position in Daily Journal Corp. (S.C.) by 6.7% in the fourth quarter. Deutsche Bank AG now owns 792 shares of the company’s stock valued at $386,000 after acquiring an additional 50 shares during the period. 51.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently 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.