Daily Journal (NASDAQ:DJCO) Shares Gap Up – Here’s Why

Daily Journal Co. (NASDAQ:DJCO) shares gapped up before the market opened on Tuesday . The stock had previously closed at $396.80, but opened at $408.27. Daily Journal shares last traded at $407.65, with a volume of 8,882 shares changing hands.

Daily Journal Stock Performance

The firm has a 50-day moving average of $417.76 and a 200-day moving average of $489.95. 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 stock has a market capitalization of $548.18 million, a price-to-earnings ratio of 7.18 and a beta of 0.90.

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

Institutional Trading of Daily Journal

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in Daily Journal by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 37,779 shares of the company’s stock valued at $21,457,000 after acquiring an additional 3,635 shares in the last quarter. State Street Corp increased its position in shares of 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 buying an additional 5,092 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Daily Journal by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,786 shares of the company’s stock worth $4,990,000 after buying an additional 164 shares during the period. Bank of America Corp DE lifted its position in shares of Daily Journal by 5.1% during the 4th quarter. Bank of America Corp DE now owns 8,120 shares of the company’s stock valued at $4,612,000 after buying an additional 391 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Daily Journal by 16.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,998 shares of the company’s stock valued at $4,543,000 after buying an additional 1,131 shares in the last quarter. Institutional investors and hedge funds own 51.23% of the company’s stock.

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.