Daily Journal (DJCO) Lowered to “Sell” at BidaskClub

BidaskClub lowered shares of Daily Journal (NASDAQ:DJCO) from a hold rating to a sell rating in a report published on Friday morning.

Separately, TheStreet upgraded shares of Daily Journal from a c- rating to a b rating in a research report on Monday, February 12th.

Daily Journal (NASDAQ DJCO) opened at $227.00 on Friday. The company has a market cap of $313.43, a PE ratio of 20.49 and a beta of 1.61. Daily Journal has a 12-month low of $195.00 and a 12-month high of $250.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 11.01 and a quick ratio of 11.01.

Daily Journal (NASDAQ:DJCO) last released its quarterly earnings results on Wednesday, December 13th. The company reported ($0.77) EPS for the quarter. The firm had revenue of $10.91 million during the quarter. Daily Journal had a net margin of 36.72% and a negative return on equity of 0.97%.

In other Daily Journal news, Director John Patrick Et Al Guerin sold 304 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $234.00, for a total value of $71,136.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 2,015 shares of company stock worth $476,620. Company insiders own 19.50% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DJCO. MetLife Investment Advisors LLC bought a new position in shares of Daily Journal in the fourth quarter worth about $138,000. Mraz Amerine & Associates Inc. bought a new position in shares of Daily Journal in the fourth quarter worth about $205,000. SG Americas Securities LLC bought a new position in shares of Daily Journal in the fourth quarter worth about $211,000. The Manufacturers Life Insurance Company raised its stake in shares of Daily Journal by 12.4% in the second quarter. The Manufacturers Life Insurance Company now owns 1,051 shares of the company’s stock worth $217,000 after acquiring an additional 116 shares during the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Daily Journal in the fourth quarter worth about $272,000. 38.34% of the stock is owned by institutional investors.

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About Daily Journal

Daily Journal Corporation publishes newspapers and Websites covering California and Arizona, and produces various specialized information services. The Company also serves as a newspaper representative specializing in public notice advertising. It operates through two segments: Traditional Business and Journal Technologies.

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