Vanguard Group Inc. Acquires 740 Shares of Daily Journal Co. (NASDAQ:DJCO)

Vanguard Group Inc. lifted its holdings in Daily Journal Co. (NASDAQ:DJCO) by 1.2% in the third quarter, HoldingsChannel.com reports. The fund owned 60,010 shares of the company’s stock after buying an additional 740 shares during the quarter. Vanguard Group Inc.’s holdings in Daily Journal were worth $17,643,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DJCO. RWWM Inc. boosted its holdings in shares of Daily Journal by 6.7% during the 3rd quarter. RWWM Inc. now owns 323,892 shares of the company’s stock valued at $95,224,000 after purchasing an additional 20,197 shares during the last quarter. BlackRock Inc. boosted its stake in Daily Journal by 3.9% during the second quarter. BlackRock Inc. now owns 79,729 shares of the company’s stock valued at $23,064,000 after buying an additional 2,959 shares during the last quarter. Geode Capital Management LLC boosted its stake in Daily Journal by 4.9% during the second quarter. Geode Capital Management LLC now owns 23,914 shares of the company’s stock valued at $6,918,000 after buying an additional 1,116 shares during the last quarter. State Street Corp grew its holdings in Daily Journal by 3.4% during the 2nd quarter. State Street Corp now owns 22,772 shares of the company’s stock valued at $6,587,000 after buying an additional 739 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Daily Journal by 3.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 19,360 shares of the company’s stock worth $5,600,000 after acquiring an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Analyst Ratings Changes

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 Trading Down 4.5 %

NASDAQ DJCO opened at $337.88 on Monday. Daily Journal Co. has a 52 week low of $270.05 and a 52 week high of $402.95. The company has a 50 day moving average price of $352.11 and a 200 day moving average price of $329.18. The company has a quick ratio of 10.02, a current ratio of 10.03 and a debt-to-equity ratio of 0.33. The firm has a market cap of $465.26 million, a PE ratio of 28.66 and a beta of 0.93.

Daily Journal (NASDAQ:DJCO) last released its quarterly earnings data 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 firm had revenue of $15.99 million for the quarter.

Daily Journal Profile

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.