Principal Financial Group Inc. Purchases Shares of 630 Daily Journal Co. (NASDAQ:DJCO)

Principal Financial Group Inc. acquired a new position in shares of Daily Journal Co. (NASDAQ:DJCO) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 630 shares of the company’s stock, valued at approximately $309,000.

A number of other hedge funds also recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Daily Journal by 23.9% in the 3rd quarter. FMR LLC now owns 202 shares of the company’s stock worth $99,000 after purchasing an additional 39 shares during the period. American Century Companies Inc. increased its stake 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 during the period. Bank of New York Mellon Corp grew its stake in 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 worth $1,942,000 after purchasing an additional 324 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Daily Journal during the third quarter valued at $245,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Daily Journal during the second quarter valued at approximately $210,000. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal Trading Up 0.5 %

DJCO opened at $580.69 on Tuesday. Daily Journal Co. has a 12 month low of $309.22 and a 12 month high of $602.00. The firm has a market cap of $799.61 million, a price-to-earnings ratio of 17.81 and a beta of 0.94. The company has a current ratio of 8.58, a quick ratio of 8.58 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $561.16 and a 200-day moving average price of $492.47.

Daily Journal (NASDAQ:DJCO) last announced its earnings results on Monday, December 30th. The company reported $19.41 earnings per share (EPS) for the quarter. Daily Journal had a return on equity of 15.90% and a net margin of 62.70%.

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.