RWWM Inc. lowered its holdings in Daily Journal Co. (NASDAQ:DJCO – Free Report) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,175 shares of the company’s stock after selling 2,941 shares during the period. Daily Journal makes up 13.7% of RWWM Inc.’s portfolio, making the stock its 3rd biggest position. RWWM Inc. owned about 23.25% of Daily Journal worth $126,270,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in DJCO. AltraVue Capital LLC raised its holdings in shares of Daily Journal by 195.8% during the 2nd quarter. AltraVue Capital LLC now owns 34,826 shares of the company’s stock valued at $13,738,000 after buying an additional 23,052 shares during the period. Swiss National Bank purchased a new stake in shares of Daily Journal during the fourth quarter valued at approximately $832,000. Price T Rowe Associates Inc. MD lifted its position in shares of Daily Journal by 7.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company’s stock worth $325,000 after purchasing an additional 64 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Daily Journal by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 4,924 shares of the company’s stock valued at $1,942,000 after purchasing an additional 324 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Daily Journal by 34.9% during the 1st quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock valued at $246,000 after purchasing an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.
Daily Journal Price Performance
Shares of NASDAQ DJCO opened at $501.31 on Monday. The company has a quick ratio of 8.58, a current ratio of 8.58 and a debt-to-equity ratio of 0.11. Daily Journal Co. has a fifty-two week low of $286.05 and a fifty-two week high of $512.49. The business has a 50 day moving average price of $460.10 and a two-hundred day moving average price of $403.61. The firm has a market cap of $690.30 million, a PE ratio of 31.08 and a beta of 0.92.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Daily Journal from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd.
View Our Latest Stock Analysis on Daily Journal
Daily Journal Company Profile
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.
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