Daily Journal Corp. (S.C.) (NASDAQ:DJCO) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO) from a sell rating to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings downgraded shares of Daily Journal Corp. (S.C.) from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Daily Journal Corp. (S.C.) Stock Down 2.4%

NASDAQ:DJCO opened at $599.83 on Friday. Daily Journal Corp. has a 1-year low of $348.63 and a 1-year high of $674.75. The company has a 50-day moving average of $578.00 and a 200 day moving average of $536.73. The firm has a market cap of $827.77 million, a PE ratio of -72.97 and a beta of 0.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.65 and a quick ratio of 11.65.

Daily Journal Corp. (S.C.) (NASDAQ:DJCO) last posted its earnings results on Wednesday, August 12th. The company reported ($7.90) EPS for the quarter. Daily Journal Corp. (S.C.) had a negative net margin of 11.63% and a negative return on equity of 3.11%. The business had revenue of $26.98 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in Daily Journal Corp. (S.C.) in the first quarter valued at approximately $4,169,000. Everett Harris & Co. CA purchased a new position in Daily Journal Corp. (S.C.) in the second quarter worth $1,262,000. Legato Capital Management LLC increased its position in shares of Daily Journal Corp. (S.C.) by 18.2% during the fourth quarter. Legato Capital Management LLC now owns 14,217 shares of the company’s stock worth $6,928,000 after purchasing an additional 2,190 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Daily Journal Corp. (S.C.) during the first quarter worth $444,000. Finally, Quantinno Capital Management LP increased its position in shares of Daily Journal Corp. (S.C.) by 311.5% during the first quarter. Quantinno Capital Management LP now owns 1,860 shares of the company’s stock worth $897,000 after purchasing an additional 1,408 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal Corp. (S.C.) Company Profile

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.