Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Stock Price Down 4% – Here’s Why

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) was down 4% during trading on Tuesday . The company traded as low as $475.00 and last traded at $470.7950. Approximately 39,073 shares changed hands during trading, a decline of 56% from the average daily volume of 89,383 shares. The stock had previously closed at $490.32.

Analyst Ratings Changes

DJCO has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Stock Up 2.9%

The firm has a fifty day simple moving average of $530.27 and a 200 day simple moving average of $492.25. The company has a debt-to-equity ratio of 0.05, a quick ratio of 16.31 and a current ratio of 16.31. The company has a market cap of $684.88 million, a PE ratio of 7.33 and a beta of 0.86.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings data 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 25.60% 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.)

Institutional investors and hedge funds have recently made changes to their positions in the company. RWWM Inc. grew its position in Daily Journal Corp. (S.C.) by 1.2% during the third quarter. RWWM Inc. now owns 338,941 shares of the company’s stock valued at $157,655,000 after acquiring an additional 4,039 shares during the period. Caprock Group LLC purchased a new stake in shares of Daily Journal Corp. (S.C.) during the 3rd quarter worth about $2,609,000. New York State Common Retirement Fund grew its holdings in shares of Daily Journal Corp. (S.C.) by 26.8% during the 3rd quarter. New York State Common Retirement Fund now owns 11,483 shares of the company’s stock worth $5,341,000 after purchasing an additional 2,424 shares during the period. Advisory Research Inc. raised its holdings in Daily Journal Corp. (S.C.) by 51.9% in the third quarter. Advisory Research Inc. now owns 57,467 shares of the company’s stock valued at $26,730,000 after buying an additional 19,627 shares during the period. Finally, Legato Capital Management LLC raised its holdings in Daily Journal Corp. (S.C.) by 29.3% in the third quarter. Legato Capital Management LLC now owns 12,027 shares of the company’s stock valued at $5,594,000 after buying an additional 2,722 shares during the period. 51.23% of the stock is currently owned by institutional investors and hedge funds.

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.