Sand Hill Global Advisors LLC decreased its holdings in shares of Daily Journal Co. (NASDAQ:DJCO) by 28.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,213 shares of the company’s stock after selling 2,100 shares during the quarter. Daily Journal accounts for approximately 1.2% of Sand Hill Global Advisors LLC’s holdings, making the stock its 16th biggest position. Sand Hill Global Advisors LLC owned approximately 0.38% of Daily Journal worth $1,191,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of DJCO. MetLife Investment Advisors LLC purchased a new position in shares of Daily Journal during the fourth quarter valued at $138,000. Mraz Amerine & Associates Inc. purchased a new position in shares of Daily Journal during the fourth quarter valued at $205,000. SG Americas Securities LLC purchased a new position in shares of Daily Journal during the fourth quarter valued at $211,000. Mutual Advisors LLC purchased a new position in shares of Daily Journal during the fourth quarter valued at $272,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Daily Journal by 36.3% during the third quarter. Wells Fargo & Company MN now owns 2,270 shares of the company’s stock valued at $496,000 after buying an additional 604 shares in the last quarter. Institutional investors and hedge funds own 38.36% of the company’s stock.
Shares of Daily Journal opened at $227.00 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.18, a current ratio of 10.30 and a quick ratio of 10.30. Daily Journal Co. has a 1-year low of $195.00 and a 1-year high of $250.95.
In other Daily Journal news, Director John Patrick Et Al Guerin sold 400 shares of the business’s stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $224.00, for a total value of $89,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold 2,295 shares of company stock worth $523,818 in the last 90 days. Corporate insiders own 20.40% of the company’s stock.
A number of research analysts have recently weighed in on the company. BidaskClub upgraded Daily Journal from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. TheStreet upgraded Daily Journal from a “c-” rating to a “b” rating in a report on Monday, February 12th.
Daily Journal Profile
Daily Journal Corporation publishes newspapers and Websites covering in California, Arizona, Colorado, and Utah. It operates in two segments, Traditional Business and Journal Technologies. The company publishes 10 newspapers, including Los Angeles Daily Journal, Daily Commerce, San Francisco Daily Journal, The Daily Recorder, The Inter-City Express, San Jose Post-Record, Orange County Reporter, The Daily Transcript, Business Journal, and The Record Reporter.
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