Advisor Group Holdings Inc. grew its holdings in Daily Journal Co. (NASDAQ:DJCO) by 670.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 462 shares of the company’s stock after acquiring an additional 402 shares during the period. Advisor Group Holdings Inc.’s holdings in Daily Journal were worth $125,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Daily Journal by 3.3% in the first quarter. Geode Capital Management LLC now owns 15,075 shares of the company’s stock worth $3,441,000 after buying an additional 475 shares during the period. State Street Corp lifted its position in shares of Daily Journal by 5.2% in the first quarter. State Street Corp now owns 21,078 shares of the company’s stock valued at $4,812,000 after acquiring an additional 1,036 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Daily Journal by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 4,164 shares of the company’s stock worth $951,000 after acquiring an additional 299 shares during the period. Royal Bank of Canada grew its position in shares of Daily Journal by 2.1% during the first quarter. Royal Bank of Canada now owns 10,685 shares of the company’s stock worth $2,440,000 after purchasing an additional 221 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Daily Journal by 11.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,000 shares of the company’s stock valued at $228,000 after purchasing an additional 100 shares during the period. 39.71% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on DJCO shares. TheStreet raised shares of Daily Journal from a “d+” rating to a “c+” rating in a report on Friday, August 7th. BidaskClub upgraded shares of Daily Journal from a “strong sell” rating to a “sell” rating in a report on Saturday, September 19th.
In other Daily Journal news, CEO Gerald L. Salzman sold 3,400 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $287.65, for a total transaction of $978,010.00. Also, CEO Gerald L. Salzman sold 999 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $286.00, for a total transaction of $285,714.00. Following the completion of the sale, the chief executive officer now directly owns 24,361 shares of the company’s stock, valued at approximately $6,967,246. The disclosure for this sale can be found here. Insiders sold 12,835 shares of company stock valued at $3,678,316 in the last quarter. 18.50% of the stock is owned by company insiders.
Daily Journal stock traded down $4.20 during mid-day trading on Friday, hitting $251.80. The company’s stock had a trading volume of 6,293 shares, compared to its average volume of 2,271. The company has a 50 day moving average of $263.03 and a 200-day moving average of $267.38. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.96 and a current ratio of 5.96. The stock has a market cap of $347.48 million, a PE ratio of -8.62 and a beta of 0.76. Daily Journal Co. has a one year low of $187.53 and a one year high of $317.01.
Daily Journal (NASDAQ:DJCO) last released its quarterly earnings data on Friday, August 7th. The company reported $0.91 earnings per share (EPS) for the quarter. The company had revenue of $12.87 million during the quarter. Daily Journal had a negative net margin of 80.75% and a positive return on equity of 3.61%.
About Daily Journal
Daily Journal Corporation publishes newspapers and Websites covering in California, Arizona, Colorado, and Utah. 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, The Daily Transcript, Business Journal, and The Record Reporter.
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