Daily Journal (DJCO) Downgraded to Sell at BidaskClub

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Daily Journal (NASDAQ:DJCO) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, January 25th.

Separately, TheStreet cut shares of Daily Journal from a “b-” rating to a “c” rating in a report on Tuesday, December 18th.

NASDAQ:DJCO remained flat at $$215.00 during trading hours on Friday. 410 shares of the company’s stock traded hands, compared to its average volume of 1,626. Daily Journal has a 1 year low of $192.83 and a 1 year high of $257.70. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.19.

Daily Journal (NASDAQ:DJCO) last issued its earnings results on Wednesday, December 12th. The company reported ($5.22) EPS for the quarter. The firm had revenue of $10.11 million during the quarter. Daily Journal had a net margin of 20.15% and a negative return on equity of 6.60%.

Several institutional investors have recently added to or reduced their stakes in DJCO. Schwab Charles Investment Management Inc. boosted its holdings in shares of Daily Journal by 14.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,282 shares of the company’s stock valued at $526,000 after buying an additional 282 shares during the period. BlackRock Inc. boosted its holdings in Daily Journal by 6.1% during the second quarter. BlackRock Inc. now owns 58,076 shares of the company’s stock worth $13,369,000 after purchasing an additional 3,349 shares during the last quarter. Northern Trust Corp boosted its holdings in Daily Journal by 4.7% during the second quarter. Northern Trust Corp now owns 13,157 shares of the company’s stock worth $3,029,000 after purchasing an additional 594 shares during the last quarter. MetLife Investment Advisors LLC boosted its holdings in Daily Journal by 56.9% during the third quarter. MetLife Investment Advisors LLC now owns 938 shares of the company’s stock worth $226,000 after purchasing an additional 340 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Daily Journal by 42.0% during the fourth quarter. Rhumbline Advisers now owns 1,658 shares of the company’s stock worth $388,000 after purchasing an additional 490 shares during the last quarter. Institutional investors own 38.96% of the company’s stock.

About Daily Journal

Daily Journal Corporation publishes newspapers and Websites covering in California, Arizona, Colorado, and Utah. 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, The Daily Transcript, Business Journal, and The Record Reporter.

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