JPMorgan Chase & Co. Has $2.90 Million Position in Daily Journal Co. (NASDAQ:DJCO)

JPMorgan Chase & Co. boosted its stake in Daily Journal Co. (NASDAQ:DJCO) by 71.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,099 shares of the company’s stock after purchasing an additional 2,133 shares during the quarter. JPMorgan Chase & Co. owned about 0.37% of Daily Journal worth $2,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DJCO. Wilmington Savings Fund Society FSB acquired a new position in Daily Journal during the 3rd quarter worth approximately $3,137,000. State Street Corp grew its stake in Daily Journal by 18.3% in the third quarter. State Street Corp now owns 32,968 shares of the company’s stock valued at $16,158,000 after acquiring an additional 5,092 shares during the period. Barclays PLC increased its holdings in shares of Daily Journal by 343.1% during the third quarter. Barclays PLC now owns 2,233 shares of the company’s stock valued at $1,094,000 after acquiring an additional 1,729 shares in the last quarter. Angeles Wealth Management LLC acquired a new position in shares of Daily Journal during the fourth quarter worth approximately $650,000. Finally, Raymond James Financial Inc. bought a new position in shares of Daily Journal in the 4th quarter worth $372,000. 51.23% of the stock is owned by institutional investors.

Daily Journal Stock Performance

Shares of DJCO stock opened at $379.63 on Wednesday. The company has a current ratio of 12.31, a quick ratio of 10.26 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $393.57 and a two-hundred day simple moving average of $475.28. Daily Journal Co. has a 12 month low of $333.29 and a 12 month high of $602.00. The firm has a market capitalization of $522.75 million, a PE ratio of 6.84 and a beta of 0.89.

Daily Journal (NASDAQ:DJCO) last posted its earnings results on Tuesday, February 18th. The company reported $7.91 earnings per share for the quarter. The company had revenue of $17.70 million for the quarter. Daily Journal had a net margin of 106.63% and a return on equity of 20.64%.

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.