StockNews.com Upgrades Daily Journal (NASDAQ:DJCO) to Hold

Daily Journal (NASDAQ:DJCO – Get Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, TheStreet raised Daily Journal from a “d+” rating to a “c” rating in a report on Tuesday, February 14th.

Daily Journal Stock Performance

Shares of DJCO stock opened at $276.32 on Friday. The firm’s 50 day moving average is $276.89 and its 200 day moving average is $281.99. The stock has a market capitalization of $381.32 million, a P/E ratio of -13.91 and a beta of 0.83. Daily Journal has a 12 month low of $236.01 and a 12 month high of $315.23. The company has a current ratio of 11.18, a quick ratio of 10.75 and a debt-to-equity ratio of 0.40.

Institutional Investors Weigh In On Daily Journal

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew its stake in Daily Journal by 233.3% during the fourth quarter. Wells Fargo & Company MN now owns 100 shares of the company’s stock valued at $25,000 after acquiring an additional 70 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Daily Journal by 47.3% in the second quarter. BNP Paribas Arbitrage SA now owns 302 shares of the company’s stock worth $78,000 after purchasing an additional 97 shares during the period. Barclays PLC raised its position in shares of Daily Journal by 539.2% in the fourth quarter. Barclays PLC now owns 326 shares of the company’s stock worth $81,000 after buying an additional 275 shares in the last quarter. UBS Group AG boosted its stake in Daily Journal by 560.0% during the fourth quarter. UBS Group AG now owns 396 shares of the company’s stock valued at $99,000 after buying an additional 336 shares during the period. Finally, SG Americas Securities LLC purchased a new position in Daily Journal during the fourth quarter worth about $121,000. 44.46% of the stock is currently owned by institutional investors.

Daily Journal Company Profile

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Daily Journal Corp. engages in the publication of newspapers and websites covering California and Arizona. It operates through the Traditional Business and Journal Technologies segments. The Traditional Business segment publishes newspapers of general circulation. The Journal Technologies segment provides case management software and related services to courts and other justice agencies.