Daily Journal (DJCO) Downgraded by BidaskClub

BidaskClub lowered shares of Daily Journal (NASDAQ:DJCO) from a hold rating to a sell rating in a report released on Thursday.

Separately, TheStreet raised shares of Daily Journal from a d+ rating to a c- rating in a research report on Tuesday, October 10th.

Daily Journal (NASDAQ DJCO) traded down $2.56 during trading hours on Thursday, reaching $237.74. 1,887 shares of the company’s stock were exchanged, compared to its average volume of 1,589. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.20. Daily Journal has a one year low of $195.00 and a one year high of $250.95. The stock has a market cap of $331.37, a PE ratio of -360.21 and a beta of 1.69.

In other news, Director John Patrick Et Al Guerin sold 1,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $237.00, for a total transaction of $237,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 20.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. State Street Corp lifted its position in shares of Daily Journal by 10.2% during the second quarter. State Street Corp now owns 18,670 shares of the company’s stock worth $3,855,000 after purchasing an additional 1,728 shares during the last quarter. Sand Hill Global Advisors LLC lifted its position in shares of Daily Journal by 302.2% during the second quarter. Sand Hill Global Advisors LLC now owns 8,434 shares of the company’s stock worth $1,704,000 after purchasing an additional 6,337 shares during the last quarter. Bank of New York Mellon Corp lifted 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 purchasing an additional 426 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 purchasing an additional 975 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in 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 acquiring an additional 41 shares during the period. 37.72% of the stock is currently owned by institutional investors and hedge funds.

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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.

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