American Century Companies Inc. Boosts Position in Daily Journal Co. (NASDAQ:DJCO)

American Century Companies Inc. boosted its holdings in Daily Journal Co. (NASDAQ:DJCO) by 18.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,705 shares of the company’s stock after purchasing an additional 265 shares during the quarter. American Century Companies Inc.’s holdings in Daily Journal were worth $673,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legato Capital Management LLC raised its stake in shares of Daily Journal by 199.9% during the second quarter. Legato Capital Management LLC now owns 6,993 shares of the company’s stock valued at $2,759,000 after purchasing an additional 4,661 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Daily Journal by 7.0% during 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. Swiss National Bank raised its stake in shares of Daily Journal by 4.1% during the first quarter. Swiss National Bank now owns 2,542 shares of the company’s stock valued at $919,000 after purchasing an additional 100 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 valued at $325,000 after purchasing an additional 64 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Daily Journal by 34.9% during the first quarter. BNP Paribas Financial Markets now owns 680 shares of the company’s stock valued at $246,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal Trading Up 0.2 %

DJCO opened at $473.27 on Thursday. The firm has a market capitalization of $651.69 million, a P/E ratio of 29.20 and a beta of 0.92. The firm’s 50 day moving average is $466.36 and its 200-day moving average is $408.66. Daily Journal Co. has a 52-week low of $286.05 and a 52-week 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.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Daily Journal from a “sell” rating to a “hold” rating in a research note 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.