The Manufacturers Life Insurance Company Buys Shares of 532 Daily Journal Co. (NASDAQ:DJCO)

The Manufacturers Life Insurance Company bought a new stake in Daily Journal Co. (NASDAQ:DJCO) during the second quarter, Holdings Channel.com reports. The institutional investor bought 532 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of DJCO. AltraVue Capital LLC lifted 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 valued at $13,738,000 after buying an additional 23,052 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Daily Journal by 22.9% during the second quarter. Dimensional Fund Advisors LP now owns 29,040 shares of the company’s stock worth $11,455,000 after purchasing an additional 5,413 shares in the last quarter. Legato Capital Management LLC lifted its position 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 worth $2,759,000 after purchasing an additional 4,661 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Daily Journal by 39.8% during the second quarter. Renaissance Technologies LLC now owns 5,311 shares of the company’s stock worth $2,095,000 after purchasing an additional 1,511 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new stake in shares of Daily Journal during the second quarter worth about $519,000. Institutional investors and hedge funds own 51.23% of the company’s stock.

Daily Journal Stock Down 1.8 %

Shares of DJCO opened at $492.42 on Friday. The stock has a market capitalization of $678.06 million, a PE ratio of 30.53 and a beta of 0.91. Daily Journal Co. has a 1 year low of $286.05 and a 1 year high of $512.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.58 and a current ratio of 8.58. The company’s 50-day simple moving average is $476.68 and its 200-day simple moving average is $418.38.

Daily Journal (NASDAQ:DJCO) last released its 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 firm had revenue of $17.49 million for the quarter.

Analysts Set New Price Targets

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

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.