Rwwm buys $49.3 Million stake in Daily Journal Corporation (DJCO)

Daily Journal Corporation (DJCO) : Rwwm scooped up 4,325 additional shares in Daily Journal Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 251,759 shares of Daily Journal Corporation which is valued at $49.3 Million.Daily Journal Corporation makes up approximately 21.33% of Rwwm’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities added DJCO to its portfolio by purchasing 863 company shares during the most recent quarter which is valued at $169,062.Tiaa Cref Investment Management reduced its stake in DJCO by selling 189 shares or 4.29% in the most recent quarter. The Hedge Fund company now holds 4,218 shares of DJCO which is valued at $826,728.

Daily Journal Corporation opened for trading at $198.55 and hit $198.55 on the upside on Wednesday, eventually ending the session at $198.55, with a gain of 0.39% or 0.77 points. The heightened volatility saw the trading volume jump to 625 shares. Company has a market cap of $274 M.

Daily Journal Corporation publishes newspapers and Websites covering California and Arizona as well as the California Lawyer magazine and produces information services. The Company operates its business through two segments: the Traditional Business and Journal Technologies. The Traditional Business segment is engaged in the business of newspaper and magazine publishing and related services. It publishes 10 newspapers of general circulation which include The Los Angeles Daily Journal the San Francisco Daily Journal the Daily Appellate Report The Daily Commerce The Daily Recorder The Inter-City Express San Jose Post-Record Orange County Reporter San Diego Commerce Business Journal California Lawyer Magazine and Information services. The Company’s subsidiary Journal Technologies Inc. supplies case management software systems and related products to courts and other justice agencies including administrative law organizations county Governments and bar associations.

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