Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Releases Earnings Results

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) announced its quarterly earnings data on Monday. The company reported $30.61 EPS for the quarter, Zacks reports. Daily Journal Corp. (S.C.) had a net margin of 122.18% and a return on equity of 30.90%.

Daily Journal Corp. (S.C.) Trading Down 1.8%

NASDAQ:DJCO traded down $9.35 during trading hours on Monday, reaching $507.66. 60,133 shares of the company were exchanged, compared to its average volume of 95,492. The firm has a market cap of $700.57 million, a price-to-earnings ratio of 7.23 and a beta of 0.94. The stock has a 50 day simple moving average of $446.46 and a 200 day simple moving average of $435.35. Daily Journal Corp. has a 52-week low of $348.63 and a 52-week high of $596.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 12.42 and a quick ratio of 12.41.

Institutional Trading of Daily Journal Corp. (S.C.)

A number of institutional investors and hedge funds have recently bought and sold shares of DJCO. Advisory Services Network LLC acquired a new position in Daily Journal Corp. (S.C.) in the 3rd quarter worth $36,000. Jane Street Group LLC acquired a new stake in shares of Daily Journal Corp. (S.C.) during the first quarter valued at about $383,000. Engineers Gate Manager LP purchased a new stake in shares of Daily Journal Corp. (S.C.) during the second quarter worth about $440,000. Legal & General Group Plc increased its position in shares of Daily Journal Corp. (S.C.) by 10.4% during the second quarter. Legal & General Group Plc now owns 1,264 shares of the company’s stock worth $534,000 after acquiring an additional 119 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of Daily Journal Corp. (S.C.) by 7.1% in the third quarter. California State Teachers Retirement System now owns 1,195 shares of the company’s stock worth $556,000 after acquiring an additional 79 shares in the last quarter. Institutional investors and hedge funds own 51.23% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

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

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.