AQR Capital Management LLC Makes New $519,000 Investment in Daily Journal Co. (NASDAQ:DJCO)

AQR Capital Management LLC bought a new position in Daily Journal Co. (NASDAQ:DJCO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,316 shares of the company’s stock, valued at approximately $519,000. AQR Capital Management LLC owned approximately 0.10% of Daily Journal at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DJCO. Lazard Asset Management LLC lifted its stake in Daily Journal by 115.2% in the first quarter. Lazard Asset Management LLC now owns 581 shares of the company’s stock worth $210,000 after acquiring an additional 311 shares during the period. BNP Paribas Financial Markets increased its holdings in Daily Journal by 34.9% in the 1st quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock worth $246,000 after buying an additional 176 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Daily Journal by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 896 shares of the company’s stock worth $325,000 after buying an additional 64 shares in the last quarter. American Century Companies Inc. increased its holdings in Daily Journal by 18.4% in the 2nd quarter. American Century Companies Inc. now owns 1,705 shares of the company’s stock worth $673,000 after buying an additional 265 shares in the last quarter. Finally, Swiss National Bank boosted its position in Daily Journal by 4.1% in the first quarter. Swiss National Bank now owns 2,542 shares of the company’s stock worth $919,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal Stock Up 1.2 %

DJCO stock opened at $473.85 on Tuesday. Daily Journal Co. has a twelve month low of $286.05 and a twelve month high of $512.49. The company has a quick ratio of 8.58, a current ratio of 8.58 and a debt-to-equity ratio of 0.11. The stock has a market cap of $652.49 million, a P/E ratio of 29.38 and a beta of 0.91. The business’s 50-day moving average price is $469.35 and its 200-day moving average price is $414.69.

Daily Journal (NASDAQ:DJCO) last issued its earnings results on Wednesday, August 14th. The company reported $0.79 earnings per share (EPS) for the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%. The company had revenue of $17.49 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Daily Journal from a “sell” rating to a “hold” rating in a research report on Friday, August 23rd.

Daily Journal 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.