Daily Journal
DJCO

$460.20

5.45%

Market Cap: $634M

About: Daily Journal Corp publishes newspapers and websites covering California and Arizona and produces several specialized information services. The company operates in two segments: Traditional business and Journal Technologies. It also serves as a newspaper representative specializing in public notice advertising. The majority of revenue is generated from the Journal Technologies segment.

Employees: 360

Materials Newspapers

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

145% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 11

30% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 10

16% more capital invested

Capital invested by funds: $262M [Q1] → $302M (+$40.6M) [Q2]

4% more funds holding

Funds holding: 67 [Q1] → 70 (+3) [Q2]

3.09% more ownership

Funds ownership: 52.43% [Q1] → 55.52% (+3.09%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 2 [Q1] → 2 (+0) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for DJCO.

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Financial journalist opinion

Zacks Investment Research

Daily Journal (DJCO) Nine Months Fiscal 2024 Earnings Soar Y/Y

Daily Journal (DJCO) reports a sharp rise in earnings to $37.32 per share for the nine months ended Jun 30, 2024, up from $20.29, driven by strategic asset management, and higher license and maintenance fees despite rising costs.

Daily Journal (DJCO) Nine Months Fiscal 2024 Earnings Soar Y/Y

Daily Journal Corporation Announces Financial Results for the nine months ended June 30, 2024

LOS ANGELES, Aug. 14, 2024 (GLOBE NEWSWIRE) -- During the nine months ended June 30, 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $50,058,000 as compared to $46,159,000 in the prior year period. This increase of $3,899,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $3,438,000, and other public service fees of $1,251,000, partially offset by decreased consulting fees of $1,209,000, and (ii) the Traditional Business' advertising revenues of $441,000.

Daily Journal Corporation Announces Financial Results for the nine months ended June 30, 2024

Zacks Investment Research

Zacks Initiates Coverage of Daily Journal With Neutral Recommendation

Discover why Zacks rates Daily Journal with a "Neutral" recommendation, being the first on Wall Street to initiate coverage on the stock. Uncover the company's strong financial health, diversified revenue streams, and growth opportunities against high debt levels and rising operating expenses.

Zacks Initiates Coverage of Daily Journal With Neutral Recommendation

Daily Journal Corporation Announces Financial Results for the six months ended March 31, 2024

LOS ANGELES, May 14, 2024 (GLOBE NEWSWIRE) -- During the six months ended March 31, 2024, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $32,564,000 as compared to $28,455,000 in the prior year period. This increase of $4,109,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $3,337,000, and other public service fees of $904,000, partially offset by decreased consulting fees of $254,000, and (ii) the Traditional Business' advertising revenues of $209,000.

Daily Journal Corporation Announces Financial Results for the six months ended March 31, 2024

Buffett's Understudies: 3 Stocks The Oracle's Protégés Are Betting Big On

After Charlie Munger's passing, investors began increasing speculation about Warren Buffett and Berkshire Hathaway's (NYSE: BRK-A , NYSE: BRK-B ) succession plan. Buffett's top two protégés are reported to be increasingly contributing to Berkshire's investment execution, but their specific investment strategies or moves tend to be concealed within Berkshire's more comprehensive reporting; i.e.

Buffett's Understudies: 3 Stocks The Oracle's Protégés Are Betting Big On

Daily Journal Corporation Announces Receipt of Expected Non-Compliance Letter from Nasdaq

LOS ANGELES, March 14, 2024 (GLOBE NEWSWIRE) -- As previously announced on December 1, 2023, due to the death of director Charles T. Munger, Daily Journal Corporation (NASDAQ:DJCO) notified the Nasdaq Stock Market (“Nasdaq”) that the company's audit committee has only two members, which is contrary to Nasdaq Listing Rule 5605(c)(2)(A)'s requirement that listed companies have an audit committee of at least three members.

Daily Journal Corporation Announces Receipt of Expected Non-Compliance Letter from Nasdaq

Daily Journal Corporation Announces Financial Results for the three months ended December 31, 2023

LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- During the three months ended December 31, 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $15,993,000 as compared to $12,301,000 in the prior year period. This increase of $3,692,000 was primarily from increases in (i) Journal Technologies' license and maintenance fees of $2,162,000, consulting fees of $980,000, and other public service fees of $450,000, and (ii) the Traditional Business' advertising revenues of $97,000.

Daily Journal Corporation Announces Financial Results for the three months ended December 31, 2023

Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2023

LOS ANGELES, Dec. 27, 2023 (GLOBE NEWSWIRE) -- During fiscal 2023, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $67,709,000 as compared to $54,009,000 in the prior year. This increase of $13,700,000 was primarily from increases in (i) Journal Technologies' consulting fees of $7,911,000, license and maintenance fees of $4,311,000 and other public service fees of $1,147,000, and (ii) the Traditional Business' advertising revenues of $364,000, partially offset by a decrease in the Traditional Business' advertising service fees and other of $42,000.

Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2023

In Memory of a Legend: 7 Stocks That Charlie Munger Loved

Shortly before he died last month, Charlie Munger told CNBC, “My game in life was always to avoid all standard ways of failing

In Memory of a Legend: 7 Stocks That Charlie Munger Loved

Statement from Daily Journal Corporation regarding the passing of Charles T. Munger

LOS ANGELES, Nov. 29, 2023 (GLOBE NEWSWIRE) -- There is deep sadness across Daily Journal and Journal Technologies following news of the passing of Charles T. Munger on November 28, 2023. Above all, our condolences go to Charlie's family and his many friends.

Statement from Daily Journal Corporation regarding the passing of Charles T. Munger

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