Daily Journal (NASDAQ:DJCO) Shares Gap Up – Time to Buy?

Daily Journal Co. (NASDAQ:DJCO)’s share price 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.

Daily Journal Stock Performance

The business has a fifty day moving average of $419.99 and a 200-day moving average of $490.32. The company has a market cap of $556.73 million, a PE ratio of 7.29 and a beta of 0.90. 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 (NASDAQ:DJCO) last posted its earnings results 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 for the quarter.

Institutional Investors Weigh In On Daily Journal

Several institutional investors and hedge funds have recently modified their holdings of DJCO. Dimensional Fund Advisors LP raised its stake in Daily Journal by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 37,779 shares of the company’s stock worth $21,457,000 after buying an additional 3,635 shares in the last quarter. State Street Corp grew its holdings in shares of Daily Journal by 18.3% during the 3rd quarter. State Street Corp now owns 32,968 shares of the company’s stock worth $16,158,000 after acquiring an additional 5,092 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Daily Journal by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,786 shares of the company’s stock worth $4,990,000 after acquiring an additional 164 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Daily Journal by 5.1% in the 4th quarter. Bank of America Corp DE now owns 8,120 shares of the company’s stock valued at $4,612,000 after purchasing an additional 391 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Daily Journal by 16.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,998 shares of the company’s stock valued at $4,543,000 after purchasing an additional 1,131 shares in the last quarter. 51.23% of the stock is owned by hedge funds and other institutional investors.

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.