Daily Journal (NASDAQ:DJCO) Rating Increased to Hold at StockNews.com

Daily Journal (NASDAQ:DJCO) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Separately, TheStreet upgraded Daily Journal from a “c+” rating to a “b” rating in a report on Monday, March 18th.

Daily Journal Price Performance

Daily Journal stock opened at $391.90 on Tuesday. The stock has a market capitalization of $540.82 million, a P/E ratio of 24.30 and a beta of 0.94. Daily Journal has a 12-month low of $280.18 and a 12-month high of $402.95. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.97 and a quick ratio of 8.97. The firm’s 50-day moving average is $363.17 and its two-hundred day moving average is $342.10.

Institutional Investors Weigh In On Daily Journal

Several hedge funds have recently modified their holdings of DJCO. Price T Rowe Associates Inc. MD boosted its holdings in Daily Journal by 7.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company’s stock valued at $325,000 after acquiring an additional 64 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Daily Journal by 115.2% in the 1st quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock valued at $210,000 after purchasing an additional 311 shares in the last quarter. Swiss National Bank lifted its stake in shares of Daily Journal by 4.1% in the 1st quarter. Swiss National Bank now owns 2,542 shares of the company’s stock valued at $919,000 after purchasing an additional 100 shares in the last quarter. BNP Paribas Financial Markets increased its position in Daily Journal by 34.9% during the 1st quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock worth $246,000 after purchasing an additional 176 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Daily Journal by 312.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 260 shares of the company’s stock worth $89,000 after purchasing an additional 197 shares in the last quarter. 51.23% of the stock is owned by institutional investors and hedge funds.

About Daily Journal

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.