Daily Journal (NASDAQ:DJCO) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.
Separately, TheStreet upgraded Daily Journal from a “c-” rating to a “b” rating in a research note on Monday, February 12th.
Shares of Daily Journal (NASDAQ:DJCO) opened at $223.50 on Friday. Daily Journal has a 52 week low of $195.00 and a 52 week high of $250.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 11.01 and a current ratio of 11.01.
In other news, Director John Patrick Et Al Guerin sold 701 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $237.01, for a total transaction of $166,144.01. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 2,015 shares of company stock worth $476,620 in the last 90 days. Insiders own 20.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in shares of Daily Journal during the fourth quarter worth about $138,000. Mraz Amerine & Associates Inc. acquired a new stake in shares of Daily Journal during the fourth quarter worth about $205,000. SG Americas Securities LLC acquired a new stake in shares of Daily Journal during the fourth quarter worth about $211,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Daily Journal by 12.4% during the second quarter. The Manufacturers Life Insurance Company now owns 1,051 shares of the company’s stock worth $217,000 after purchasing an additional 116 shares during the period. Finally, Mutual Advisors LLC acquired a new stake in shares of Daily Journal during the fourth quarter worth about $272,000. 37.83% of the stock is owned by hedge funds and other institutional investors.
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About Daily Journal
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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