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

Wall Street Zen cut shares of Daily Journal Corp. (S.C.) (NASDAQ:DJCO) from a hold rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

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

Daily Journal Corp. (S.C.) Stock Up 2.2%

Shares of Daily Journal Corp. (S.C.) stock opened at $661.90 on Friday. Daily Journal Corp. has a 12-month low of $348.63 and a 12-month high of $674.75. The firm has a market capitalization of $912.10 million, a PE ratio of -80.52 and a beta of 0.85. The company has a quick ratio of 11.65, a current ratio of 11.65 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average is $598.57 and its 200-day moving average is $545.95.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its stake in Daily Journal Corp. (S.C.) by 124.1% in the 1st quarter. Royal Bank of Canada now owns 1,423 shares of the company’s stock worth $566,000 after acquiring an additional 788 shares in the last quarter. AQR Capital Management LLC grew its stake in Daily Journal Corp. (S.C.) by 26.3% during the 1st quarter. AQR Capital Management LLC now owns 2,362 shares of the company’s stock valued at $939,000 after acquiring an additional 492 shares in the last quarter. Jane Street Group LLC purchased a new position in Daily Journal Corp. (S.C.) during the 1st quarter valued at about $383,000. JPMorgan Chase & Co. increased its holdings in shares of Daily Journal Corp. (S.C.) by 93.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,607 shares of the company’s stock valued at $679,000 after purchasing an additional 778 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Daily Journal Corp. (S.C.) by 10.4% in the 2nd quarter. Legal & General Group Plc now owns 1,264 shares of the company’s stock valued at $534,000 after purchasing an additional 119 shares during the period. 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.