Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Cut to “Sell” at Wall Street Zen

by · The Markets Daily

Wall Street Zen cut shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO – Free Report) from a hold rating to a sell rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings downgraded Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Read Our Latest Stock Report on Daily Journal Corp. (S.C.)

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

Shares of NASDAQ:DJCO opened at $677.05 on Friday. The firm has a fifty day simple moving average of $600.43 and a two-hundred day simple moving average of $547.42. Daily Journal Corp. has a 52 week low of $348.63 and a 52 week high of $680.46. The company has a quick ratio of 11.65, a current ratio of 11.65 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $934.33 million, a P/E ratio of -82.37 and a beta of 0.85.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DJCO. Engineers Gate Manager LP purchased a new position in Daily Journal Corp. (S.C.) during the 2nd quarter valued at $583,000. Arizona State Retirement System purchased a new stake in Daily Journal Corp. (S.C.) in the second quarter worth $217,000. Corient Private Wealth LP increased its stake in Daily Journal Corp. (S.C.) by 306.8% in the second quarter. Corient Private Wealth LP now owns 4,243 shares of the company’s stock worth $2,551,000 after purchasing an additional 3,200 shares during the period. California State Teachers Retirement System lifted its position in shares of Daily Journal Corp. (S.C.) by 81,091.1% during the second quarter. California State Teachers Retirement System now owns 961,303 shares of the company’s stock worth $577,926,000 after purchasing an additional 960,119 shares during the last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of Daily Journal Corp. (S.C.) by 43.0% during the second quarter. Headlands Technologies LLC now owns 1,278 shares of the company’s stock valued at $768,000 after purchasing an additional 384 shares during the period. Institutional investors own 51.23% of the company’s stock.

Daily Journal Corp. (S.C.) Company Profile

(Get Free Report)

Daily Journal Corp. (S.C.) is a diversified information-services company that operates through newspaper publishing and software businesses. Its publications focus primarily on legal, business, and public-sector news and information, with operations historically centered in California and Arizona.

The company publishes the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide legal and business news, court coverage, public notices, and related information services.

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