The Manufacturers Life Insurance Company Sells 35 Shares of Daily Journal Co. (NASDAQ:DJCO)

The Manufacturers Life Insurance Company decreased its holdings in Daily Journal Co. (NASDAQ:DJCO) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 482 shares of the company’s stock after selling 35 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Daily Journal were worth $274,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC raised its position in Daily Journal by 8.4% in the 4th quarter. SG Americas Securities LLC now owns 541 shares of the company’s stock valued at $307,000 after purchasing an additional 42 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Daily Journal in the 4th quarter valued at $37,000. Invesco Ltd. raised its position in Daily Journal by 9.5% in the 4th quarter. Invesco Ltd. now owns 807 shares of the company’s stock valued at $458,000 after purchasing an additional 70 shares during the last quarter. Principal Financial Group Inc. raised its position in Daily Journal by 12.7% in the 4th quarter. Principal Financial Group Inc. now owns 710 shares of the company’s stock valued at $403,000 after purchasing an additional 80 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in Daily Journal by 11.8% in the 4th quarter. MetLife Investment Management LLC now owns 844 shares of the company’s stock valued at $479,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 51.23% of the company’s stock.

Daily Journal Trading Up 2.5%

Shares of DJCO opened at $416.24 on Monday. The stock has a fifty day moving average price of $388.63 and a two-hundred day moving average price of $462.76. The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 12.31. Daily Journal Co. has a 52-week low of $359.34 and a 52-week high of $602.00. The company has a market cap of $573.16 million, a price-to-earnings ratio of 7.50 and a beta of 0.81.

Daily Journal (NASDAQ:DJCO) last released 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 during the quarter. Daily Journal had a return on equity of 20.64% and a net margin of 106.63%.

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.