Daily Journal (NASDAQ:DJCO) Shares Down 6.5% – Here’s What Happened

Shares of Daily Journal Co. (NASDAQ:DJCO) traded down 6.5% during trading on Monday . The company traded as low as $391.43 and last traded at $383.53. 9,731 shares were traded during mid-day trading, a decline of 72% from the average session volume of 34,584 shares. The stock had previously closed at $410.10.

Daily Journal Stock Performance

The stock’s 50 day moving average price is $529.34 and its 200 day moving average price is $502.92. The company has a current ratio of 10.26, a quick ratio of 10.26 and a debt-to-equity ratio of 0.10. The firm has a market cap of $560.94 million, a PE ratio of 7.17 and a beta of 0.91.

Daily Journal (NASDAQ:DJCO) last announced its quarterly earnings data on Monday, December 30th. The company reported $19.41 earnings per share for the quarter. Daily Journal had a net margin of 111.70% and a return on equity of 22.98%.

Institutional Trading of Daily Journal

Several hedge funds have recently bought and sold shares of the company. State Street Corp lifted its position in Daily Journal by 18.3% in the 3rd quarter. State Street Corp now owns 32,968 shares of the company’s stock valued at $16,158,000 after purchasing an additional 5,092 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Daily Journal by 133.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,622 shares of the company’s stock worth $4,226,000 after purchasing an additional 4,924 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Daily Journal in the 3rd quarter worth approximately $3,137,000. JPMorgan Chase & Co. increased its position in shares of Daily Journal by 341.4% in the third quarter. JPMorgan Chase & Co. now owns 2,966 shares of the company’s stock worth $1,454,000 after acquiring an additional 2,294 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Daily Journal by 343.1% in the third quarter. Barclays PLC now owns 2,233 shares of the company’s stock worth $1,094,000 after acquiring an additional 1,729 shares in the last quarter. 51.23% of the stock is currently owned by institutional investors.

About Daily Journal

Daily Journal Corporation operates in publishing of newspapers and websites covering in California, Arizona, Utah, and Australia. 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, Business Journal, The Daily Transcript, and The Record Reporter.