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

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) announced its quarterly earnings results on Wednesday. The company reported ($7.90) earnings per share for the quarter, FiscalAI reports. The business had revenue of $26.98 million during the quarter. Daily Journal Corp. (S.C.) had a return on equity of 3.79% and a net margin of 14.83%.

Daily Journal Corp. (S.C.) Trading Down 0.5%

DJCO traded down $2.87 during trading on Wednesday, reaching $557.01. The company had a trading volume of 77,144 shares, compared to its average volume of 63,148. The stock has a market cap of $768.67 million, a P/E ratio of 54.88 and a beta of 0.84. The business has a 50 day simple moving average of $567.92 and a 200-day simple moving average of $537.19. Daily Journal Corp. has a 52 week low of $348.63 and a 52 week high of $674.75. The company has a quick ratio of 15.42, a current ratio of 15.42 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Daily Journal Corp. (S.C.)

Several hedge funds and other institutional investors have recently made changes to their positions in DJCO. Advisory Services Network LLC purchased a new position in shares of Daily Journal Corp. (S.C.) during the 3rd quarter worth about $36,000. Quantbot Technologies LP bought a new position in Daily Journal Corp. (S.C.) during the 2nd quarter valued at about $58,000. Strs Ohio bought a new position in Daily Journal Corp. (S.C.) during the 4th quarter valued at about $49,000. Parallel Advisors LLC raised its position in Daily Journal Corp. (S.C.) by 178.9% in the 4th quarter. Parallel Advisors LLC now owns 106 shares of the company’s stock worth $52,000 after purchasing an additional 68 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Daily Journal Corp. (S.C.) in the 4th quarter worth about $55,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Daily Journal Corp. (S.C.) from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 23rd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company 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.