Y Intercept Hong Kong Ltd Buys New Position in Daily Journal Corp. (S.C.) $DJCO

Y Intercept Hong Kong Ltd bought a new stake in Daily Journal Corp. (S.C.) (NASDAQ:DJCO) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 920 shares of the company’s stock, valued at approximately $444,000. Y Intercept Hong Kong Ltd owned approximately 0.07% of Daily Journal Corp. (S.C.) at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of DJCO. Royal Bank of Canada boosted its stake in shares of Daily Journal Corp. (S.C.) by 124.1% in the first quarter. Royal Bank of Canada now owns 1,423 shares of the company’s stock valued at $566,000 after purchasing an additional 788 shares during the period. AQR Capital Management LLC grew its holdings in shares of Daily Journal Corp. (S.C.) by 26.3% in the first quarter. AQR Capital Management LLC now owns 2,362 shares of the company’s stock valued at $939,000 after purchasing an additional 492 shares in the last quarter. Jane Street Group LLC purchased a new stake in Daily Journal Corp. (S.C.) during the 1st quarter worth approximately $383,000. JPMorgan Chase & Co. increased its stake in Daily Journal Corp. (S.C.) by 93.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,607 shares of the company’s stock worth $679,000 after buying an additional 778 shares during the period. Finally, Legal & General Group Plc increased its stake in Daily Journal Corp. (S.C.) by 10.4% during the 2nd quarter. Legal & General Group Plc now owns 1,264 shares of the company’s stock worth $534,000 after buying an additional 119 shares during the period. 51.23% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of DJCO opened at $570.68 on Wednesday. The stock has a 50-day simple moving average of $529.34 and a 200-day simple moving average of $536.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 15.42 and a current ratio of 15.42. The stock has a market capitalization of $787.54 million, a PE ratio of 56.22 and a beta of 0.83. Daily Journal Corp. has a 1 year low of $348.63 and a 1 year high of $674.75.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($25.14) EPS for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 3.79% and a net margin of 14.83%.The company had revenue of $22.72 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Daily Journal Corp. (S.C.) presently has a consensus 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.