Miracle Mile Advisors LLC Acquires Shares of 440 Daily Journal Co. (NASDAQ:DJCO)

Miracle Mile Advisors LLC bought a new position in Daily Journal Co. (NASDAQ:DJCO) during the fourth quarter, Holdings Channel.com reports. The firm bought 440 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DJCO. JPMorgan Chase & Co. lifted its holdings in Daily Journal by 341.4% during the third quarter. JPMorgan Chase & Co. now owns 2,966 shares of the company’s stock worth $1,454,000 after acquiring an additional 2,294 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Daily Journal during the 3rd quarter valued at $309,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Daily Journal during the 3rd quarter worth $3,137,000. Barclays PLC boosted its holdings in shares of Daily Journal by 343.1% in the 3rd quarter. Barclays PLC now owns 2,233 shares of the company’s stock worth $1,094,000 after buying an additional 1,729 shares during the last quarter. Finally, State Street Corp grew its position in Daily Journal by 18.3% during the third quarter. State Street Corp now owns 32,968 shares of the company’s stock valued at $16,158,000 after buying an additional 5,092 shares during the period. Hedge funds and other institutional investors own 51.23% of the company’s stock.

Daily Journal Stock Performance

NASDAQ DJCO opened at $507.70 on Friday. The company has a market capitalization of $700.63 million, a PE ratio of 8.95 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 10.26 and a current ratio of 10.26. Daily Journal Co. has a 52-week low of $309.22 and a 52-week high of $602.00. The company has a 50-day simple moving average of $563.96 and a 200 day simple moving average of $499.35.

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

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.