Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Reaches New 12-Month High – Here’s What Happened

Daily Journal Corp. (S.C.) (NASDAQ:DJCO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $575.00 and last traded at $568.7250, with a volume of 83760 shares traded. The stock had previously closed at $553.91.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Daily Journal Corp. (S.C.) in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Daily Journal Corp. (S.C.) presently has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Price Performance

The firm has a market capitalization of $791.62 million, a price-to-earnings ratio of 7.05 and a beta of 0.82. The stock’s fifty day moving average price is $461.76 and its two-hundred day moving average price is $441.25. The company has a current ratio of 13.89, a quick ratio of 13.89 and a debt-to-equity ratio of 0.06.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last issued its earnings results on Monday, December 29th. The company reported $30.61 earnings per share for the quarter. Daily Journal Corp. (S.C.) had a return on equity of 32.88% and a net margin of 127.86%.The business had revenue of $28.41 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in Daily Journal Corp. (S.C.) by 14.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,839 shares of the company’s stock valued at $855,000 after acquiring an additional 232 shares during the period. Advisory Services Network LLC purchased a new position in shares of Daily Journal Corp. (S.C.) in the 3rd quarter valued at approximately $36,000. XTX Topco Ltd increased its holdings in shares of Daily Journal Corp. (S.C.) by 138.8% in the third quarter. XTX Topco Ltd now owns 1,777 shares of the company’s stock valued at $827,000 after purchasing an additional 1,033 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Daily Journal Corp. (S.C.) in the third quarter valued at approximately $744,000. Finally, Millennium Management LLC raised its stake in shares of Daily Journal Corp. (S.C.) by 78.0% during the third quarter. Millennium Management LLC now owns 2,278 shares of the company’s stock worth $1,060,000 after purchasing an additional 998 shares during the last quarter. 51.23% of the stock is currently owned by institutional investors and hedge funds.

About Daily Journal Corp. (S.C.)

Daily Journal Corporation (NASDAQ: DJCO) is a diversified media and technology company headquartered in Los Angeles, California. The company operates in two primary segments: legal publishing and software solutions. Its publishing arm produces the Los Angeles Daily Journal and the San Francisco Daily Journal, which provide daily coverage of legal news, court decisions, opinion pieces and public notices to attorneys, judges and legal professionals across California.

In addition to its flagship newspapers, Daily Journal Corp.