Charles Schwab Investment Management Inc. Raises Holdings in Daily Journal Co. (NASDAQ:DJCO)

Charles Schwab Investment Management Inc. grew its position in shares of Daily Journal Co. (NASDAQ:DJCO) by 133.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,622 shares of the company’s stock after purchasing an additional 4,924 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Daily Journal were worth $4,226,000 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. AltraVue Capital LLC grew its position in Daily Journal by 195.8% in the second quarter. AltraVue Capital LLC now owns 34,826 shares of the company’s stock worth $13,738,000 after acquiring an additional 23,052 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Daily Journal by 22.9% in the second quarter. Dimensional Fund Advisors LP now owns 29,040 shares of the company’s stock worth $11,455,000 after acquiring an additional 5,413 shares in the last quarter. Legato Capital Management LLC grew its position in Daily Journal by 199.9% in the second quarter. Legato Capital Management LLC now owns 6,993 shares of the company’s stock worth $2,759,000 after acquiring an additional 4,661 shares in the last quarter. Renaissance Technologies LLC grew its position in Daily Journal by 39.8% in the second quarter. Renaissance Technologies LLC now owns 5,311 shares of the company’s stock worth $2,095,000 after acquiring an additional 1,511 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position 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 acquiring an additional 324 shares in the last quarter. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal Stock Down 1.4 %

Shares of NASDAQ DJCO opened at $565.01 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 8.58 and a quick ratio of 8.58. The company has a market cap of $779.71 million, a P/E ratio of 17.33 and a beta of 0.94. Daily Journal Co. has a 1 year low of $309.22 and a 1 year high of $602.00. The firm has a 50-day simple moving average of $534.55 and a two-hundred day simple moving average of $469.30.

Analyst Ratings Changes

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

About Daily Journal

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.