Daily Journal Corporation's (NASDAQ:DJCO) Large Institutional Owners Must Be Happy as Stock Continues to Impress, up 16% Over the Past Week
Daily Journal Corporation's (NASDAQ:DJCO) Large Institutional Owners Must Be Happy as Stock Continues to Impress, up 16% Over the Past Week
Key Insights
主要見解
- Significantly high institutional ownership implies Daily Journal's stock price is sensitive to their trading actions
- A total of 7 investors have a majority stake in the company with 51% ownership
- Past performance of a company along with ownership data serve to give a strong idea about prospects for a business
- 機構大量持股意味着每日期刊的股價對它們的交易行爲非常敏感。
- 共有7家投資者擁有該公司的51%所有權。
- 公司過去的業績以及所有權數據,有助於形成對業務前景的強烈想法。
To get a sense of who is truly in control of Daily Journal Corporation (NASDAQ:DJCO), it is important to understand the ownership structure of the business. We can see that institutions own the lion's share in the company with 52% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
要了解每日日報公司(納斯達克:DJCO)真正的控制者,了解業務的所有權結構是非常重要的。我們可以看到機構在公司中擁有52%的所有權。換句話說,該集團面臨着最大的上升潛力(或下降風險) 。
Last week's 16% gain means that institutional investors were on the positive end of the spectrum even as the company has shown strong longer-term trends. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 54%.
上週的16%漲幅意味着機構投資者處於積極的一面,即使公司也表現出強勁的長期趨勢。上週的收益將進一步提升股東的一年回報率,目前爲54%。
In the chart below, we zoom in on the different ownership groups of Daily Journal.
在下面的圖表中,我們會對每牌日報的不同所有權群體進行詳細分析。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240717/0-88de2b32df4707e23113c74d3bbf71fa-0-5510df94b73da9f359cf89ba990f4e34.png/big)
What Does The Institutional Ownership Tell Us About Daily Journal?
機構持股給每日期刊公司提供了什麼樣的信息?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
許多機構衡量其業績的標準是一個近似於當地市場的指數。因此,他們通常更加關注包括在主要指數中的公司。
As you can see, institutional investors have a fair amount of stake in Daily Journal. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Daily Journal, (below). Of course, keep in mind that there are other factors to consider, too.
正如您所看到的,機構投資者在每日日報中擁有相當大的股份。這可能表明該公司在投資社區中具有一定的可信度。然而,最好謹慎地依賴機構投資者所謂的驗證。他們有時也會犯錯。如果兩個大型機構投資者同時試圖出售一隻股票,很常見看到股價大幅下跌。因此,檢查每日日報過去的收益軌跡(如下所示)是值得的。當然, 還需要考慮其他因素。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240717/0-88de2b32df4707e23113c74d3bbf71fa-1-297a8c0c548f1c6440275b7113f6bfba.png/big)
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Daily Journal is not owned by hedge funds. RWWM, Inc. is currently the company's largest shareholder with 23% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 9.5% and 6.9%, of the shares outstanding, respectively.
由於機構投資者擁有超過一半的發行股份,董事會很可能需要關注他們的偏好。每日日報不是由對沖基金擁有的。RWWm公司目前是該公司最大的股東,佔已發行股份的23%。 同時,第二和第三大股東分別持有已發行股份的9.5%和6.9%。
On further inspection, we found that more than half the company's shares are owned by the top 7 shareholders, suggesting that the interests of the larger shareholders are balanced out to an extent by the smaller ones.
經過進一步檢查,我們發現該公司超過一半的股權由前7大股東持有,這意味着較小股東的利益在一定程度上可以平衡較大股東的利益。
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar.
南京證券複合材料公司內部所有權情況
Insider Ownership Of Daily Journal
每日期刊的內部股權
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
雖然“內部人士”的明確定義具有主觀性,但幾乎所有人都認爲董事會成員是內部人士。公司管理業務,但首席執行官即使是董事會成員,也要向董事會負責。
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
大多數人認爲內部所有權是積極的,因爲它可以表示董事會與其他股東的利益相一致。但是,在某些場合下,這個團體的權力過於集中。
We can see that insiders own shares in Daily Journal Corporation. It has a market capitalization of just US$596m, and insiders have US$57m worth of shares, in their own names. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling.
我們可以看到內部人員擁有每日期刊公司的股份。它的市值僅爲5960萬美元,內部人員在自己的名字下擁有5700萬美元的股份。有人會說,這表明股東和董事會之間的利益一致。但最好檢查那些內部人員是否一直在賣出股票。
General Public Ownership
一般大衆所有權
The general public-- including retail investors -- own 38% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders.
公衆--包括零售投資者--持有公司的38%股份,因此不容易被忽視。儘管這種規模的持股較大,但如果決策與其他大股東不協調,可能無法改變公司政策。
Next Steps:
下一步:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. For instance, we've identified 1 warning sign for Daily Journal that you should be aware of.
雖然考慮擁有公司的不同群體是非常值得的,但還有其他更重要的因素。例如,我們已經確定了Daily Journal的1個警告信號,您應該注意。
Of course this may not be the best stock to buy. So take a peek at this free free list of interesting companies.
當然,這可能不是最好的購買股票。因此,查看這份免費免費的有趣公司列表可能會有所幫助。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注:本文中的數據是使用最後一個財務報表日期結束的爲期12個月的數據計算的。這可能與全年年度報告數據不一致。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。