State Street Corp Acquires 5,092 Shares of Daily Journal Co. (NASDAQ:DJCO)

State Street Corp raised its holdings in shares of Daily Journal Co. (NASDAQ:DJCO) by 18.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,968 shares of the company’s stock after acquiring an additional 5,092 shares during the quarter. State Street Corp owned about 2.39% of Daily Journal worth $16,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DJCO. FMR LLC grew its position in shares of Daily Journal by 23.9% in the third quarter. FMR LLC now owns 202 shares of the company’s stock valued at $99,000 after purchasing an additional 39 shares in the last quarter. American Century Companies Inc. boosted its stake in Daily Journal by 18.4% in the 2nd quarter. American Century Companies Inc. now owns 1,705 shares of the company’s stock worth $673,000 after purchasing an additional 265 shares during the period. Bank of New York Mellon Corp grew its holdings in Daily Journal by 7.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,924 shares of the company’s stock valued at $1,942,000 after buying an additional 324 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Daily Journal during the third quarter valued at about $245,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Daily Journal in the second quarter worth about $210,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal Price Performance

Shares of NASDAQ:DJCO opened at $570.19 on Wednesday. The company has a 50 day moving average of $545.26 and a 200 day moving average of $478.49. The company has a current ratio of 8.58, a quick ratio of 8.58 and a debt-to-equity ratio of 0.11. The stock has a market cap of $785.15 million, a P/E ratio of 17.49 and a beta of 0.94. Daily Journal Co. has a 12 month low of $309.22 and a 12 month high of $602.00.

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.