Daily Journal Co. (NASDAQ:DJCO) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its holdings in shares of Daily Journal Co. (NASDAQ:DJCO) by 57.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 852 shares of the company’s stock after selling 1,134 shares during the quarter. Millennium Management LLC owned 0.06% of Daily Journal worth $484,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DJCO. New Age Alpha Advisors LLC acquired a new stake in Daily Journal during the 4th quarter valued at approximately $37,000. KLP Kapitalforvaltning AS acquired a new position in shares of Daily Journal in the 4th quarter worth approximately $170,000. Arizona State Retirement System acquired a new position in shares of Daily Journal in the 4th quarter worth approximately $215,000. Intech Investment Management LLC acquired a new position in shares of Daily Journal in the 4th quarter worth approximately $254,000. Finally, Quantbot Technologies LP acquired a new position in shares of Daily Journal in the 4th quarter worth approximately $318,000. Institutional investors and hedge funds own 51.23% of the company’s stock.

Daily Journal Price Performance

Shares of DJCO opened at $421.83 on Monday. The firm has a market cap of $580.86 million, a price-to-earnings ratio of 7.60 and a beta of 0.84. The stock has a 50 day moving average of $396.26 and a 200-day moving average of $448.89. The company has a current ratio of 12.31, a quick ratio of 10.26 and a debt-to-equity ratio of 0.10. Daily Journal Co. has a 52 week low of $359.34 and a 52 week high of $602.00.

Daily Journal (NASDAQ:DJCO) last issued its earnings results on Tuesday, May 20th. The company reported $32.43 EPS for the quarter. The company had revenue of $18.18 million during the quarter. Daily Journal had a return on equity of 20.64% and a net margin of 106.63%.

Daily Journal Company 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.