SG Americas Securities LLC Grows Holdings in Daily Journal Co. (NASDAQ:DJCO)

SG Americas Securities LLC boosted its holdings in Daily Journal Co. (NASDAQ:DJCO) by 33.6% in the 4th quarter, Holdings Channel reports. The firm owned 696 shares of the company’s stock after purchasing an additional 175 shares during the period. SG Americas Securities LLC’s holdings in Daily Journal were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in Daily Journal by 233.3% during the 4th quarter. Wells Fargo & Company MN now owns 100 shares of the company’s stock worth $25,000 after buying an additional 70 shares during the last quarter. FMR LLC raised its position in Daily Journal by 81.8% during the 3rd quarter. FMR LLC now owns 140 shares of the company’s stock worth $41,000 after buying an additional 63 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Daily Journal by 47.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 302 shares of the company’s stock worth $78,000 after buying an additional 97 shares during the last quarter. Barclays PLC raised its position in Daily Journal by 539.2% during the 4th quarter. Barclays PLC now owns 326 shares of the company’s stock worth $81,000 after buying an additional 275 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Daily Journal during the 2nd quarter worth $104,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Daily Journal Stock Performance

NASDAQ:DJCO opened at $353.90 on Friday. The company has a quick ratio of 10.02, a current ratio of 10.03 and a debt-to-equity ratio of 0.33. Daily Journal Co. has a fifty-two week low of $270.05 and a fifty-two week high of $402.95. The stock has a market cap of $488.38 million, a PE ratio of 30.02 and a beta of 0.93. The firm’s fifty day simple moving average is $351.74 and its 200-day simple moving average is $328.37.

Daily Journal (NASDAQ:DJCO) last posted its quarterly earnings results on Thursday, February 15th. The company reported $9.16 earnings per share for the quarter. Daily Journal had a net margin of 22.75% and a return on equity of 11.20%. The business had revenue of $15.99 million for the quarter.

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.