JPMorgan Chase & Co. Purchases 2,294 Shares of Daily Journal Co. (NASDAQ:DJCO)

JPMorgan Chase & Co. raised its position in Daily Journal Co. (NASDAQ:DJCO) by 341.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,966 shares of the company’s stock after buying an additional 2,294 shares during the quarter. JPMorgan Chase & Co.’s holdings in Daily Journal were worth $1,454,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Daily Journal in the third quarter valued at $309,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Daily Journal in the third quarter valued at $3,137,000. Barclays PLC grew its position in shares of Daily Journal by 343.1% in the third quarter. Barclays PLC now owns 2,233 shares of the company’s stock valued at $1,094,000 after purchasing an additional 1,729 shares in the last quarter. State Street Corp grew its position in shares of Daily Journal by 18.3% in the third quarter. State Street Corp now owns 32,968 shares of the company’s stock valued at $16,158,000 after purchasing an additional 5,092 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Daily Journal by 172.9% in the third quarter. BNP Paribas Financial Markets now owns 1,337 shares of the company’s stock valued at $655,000 after purchasing an additional 847 shares in the last quarter. 51.23% of the stock is currently owned by institutional investors.

Daily Journal Price Performance

Shares of NASDAQ DJCO opened at $474.50 on Friday. The stock has a market cap of $654.81 million, a PE ratio of 8.37 and a beta of 0.94. Daily Journal Co. has a fifty-two week low of $309.22 and a fifty-two week high of $602.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 10.26. The stock has a fifty day moving average of $557.13 and a 200-day moving average of $502.51.

Daily Journal (NASDAQ:DJCO) last posted its earnings results on Monday, December 30th. The company reported $19.41 EPS for the quarter. Daily Journal had a return on equity of 22.98% and a net margin of 111.70%.

Daily Journal Company 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.