Daily Journal (NASDAQ:DJCO) Lifted to “Hold” at StockNews.com

Daily Journal (NASDAQ:DJCO) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, TheStreet raised shares of Daily Journal from a “c+” rating to a “b” rating in a research note on Monday, March 18th.

Daily Journal Trading Up 1.9 %

Shares of DJCO opened at $391.90 on Tuesday. Daily Journal has a fifty-two week low of $280.18 and a fifty-two week high of $402.95. The firm has a market cap of $540.82 million, a price-to-earnings ratio of 24.30 and a beta of 0.94. The firm has a 50 day moving average price of $363.17 and a 200-day moving average price of $342.10. The company has a debt-to-equity ratio of 0.13, a quick ratio of 8.97 and a current ratio of 8.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in Daily Journal by 312.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 260 shares of the company’s stock valued at $89,000 after purchasing an additional 197 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Daily Journal by 115.2% during the first quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock valued at $210,000 after acquiring an additional 311 shares in the last quarter. Pacific Global Investment Management Co. purchased a new stake in Daily Journal in the fourth quarter worth $208,000. Mutual Advisors LLC bought a new stake in Daily Journal in the fourth quarter valued at $222,000. Finally, Equitable Trust Co. purchased a new position in Daily Journal during the 4th quarter valued at $227,000. Institutional investors own 51.23% of the company’s stock.

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.