Daily Journal (DJCO) Downgraded to Sell at BidaskClub

BidaskClub downgraded shares of Daily Journal (NASDAQ:DJCO) from a hold rating to a sell rating in a research note published on Friday.

Separately, TheStreet raised Daily Journal from a c- rating to a b rating in a research note on Monday, February 12th.

Shares of Daily Journal (DJCO) opened at $223.50 on Friday. 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 has a fifty-two week low of $195.00 and a fifty-two week high of $250.95.

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

In other Daily Journal news, Director John Patrick Et Al Guerin sold 701 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $237.01, for a total value of $166,144.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 2,015 shares of company stock valued at $476,620. Insiders own 19.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Daily Journal by 1.0% in the fourth quarter. BlackRock Inc. now owns 55,448 shares of the company’s stock valued at $12,765,000 after acquiring an additional 543 shares during the period. State Street Corp grew its stake in Daily Journal by 10.2% in the second quarter. State Street Corp now owns 18,670 shares of the company’s stock valued at $3,855,000 after acquiring an additional 1,728 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Daily Journal by 11.7% during the second quarter. Bank of New York Mellon Corp now owns 4,058 shares of the company’s stock worth $852,000 after buying an additional 426 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Daily Journal by 34.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,846 shares of the company’s stock worth $841,000 after buying an additional 975 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Daily Journal by 1.3% during the second quarter. TIAA CREF Investment Management LLC now owns 3,188 shares of the company’s stock worth $658,000 after buying an additional 41 shares during the period. 38.34% of the stock is owned by hedge funds and other institutional investors.

WARNING: This report was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://stocknewstimes.com/2018/02/19/daily-journal-djco-downgraded-to-sell-at-bidaskclub.html.

Daily Journal Company Profile

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.

Receive News & Ratings for Daily Journal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daily Journal and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply