Fulcrum Asset Management LLP Purchases New Position in Daily Journal Corp. (S.C.) $DJCO

Fulcrum Asset Management LLP acquired a new stake in Daily Journal Corp. (S.C.) (NASDAQ:DJCO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,818 shares of the company’s stock, valued at approximately $1,195,000. Fulcrum Asset Management LLP owned approximately 0.13% of Daily Journal Corp. (S.C.) at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DJCO. Allspring Global Investments Holdings LLC increased its position in shares of Daily Journal Corp. (S.C.) by 4.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,412 shares of the company’s stock valued at $912,000 after buying an additional 54 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Daily Journal Corp. (S.C.) in the 2nd quarter worth about $58,000. Entropy Technologies LP boosted its position in shares of Daily Journal Corp. (S.C.) by 22.2% in the 1st quarter. Entropy Technologies LP now owns 660 shares of the company’s stock worth $318,000 after buying an additional 120 shares in the last quarter. Susquehanna International Group LLP grew its stake in Daily Journal Corp. (S.C.) by 38.7% in the 2nd quarter. Susquehanna International Group LLP now owns 642 shares of the company’s stock valued at $386,000 after acquiring an additional 179 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Daily Journal Corp. (S.C.) in the 2nd quarter valued at about $209,000. 51.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on DJCO. Wall Street Zen downgraded shares of Daily Journal Corp. (S.C.) from a “hold” rating to a “sell” rating in a report on Saturday, November 7th. Weiss Ratings cut shares of Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

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

DJCO stock opened at $664.11 on Thursday. The company has a quick ratio of 11.65, a current ratio of 11.65 and a debt-to-equity ratio of 0.06. Daily Journal Corp. has a one year low of $375.00 and a one year high of $692.50. The company has a 50 day moving average price of $638.08 and a two-hundred day moving average price of $566.80.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($7.90) earnings per share for the quarter. Daily Journal Corp. (S.C.) had a negative return on equity of 3.11% and a negative net margin of 11.63%. The business had revenue of $26.98 million for the quarter.

Daily Journal Corp. (S.C.) Profile

Daily Journal Corporation is a California-based publishing and technology company. Its publishing operations produce legal newspapers and other specialized publications, including the Los Angeles Daily Journal and San Francisco Daily Journal, serving attorneys, courts, businesses and public-sector readers. The company also operates Journal Technologies, which develops software for courts and other justice-system agencies. Its products support functions such as case management, electronic filing and court operations.