SCHEDULE 13G/A: RWWM Entities Disclose 23% Stake in Daily Journal Corp. Common Stock

RWWM, Inc., along with Scott P. Roseman and Aaron J. Wagner, have filed an amended Schedule 13G disclosing a collective beneficial ownership of 23% of Daily Journal Corp.'s common stock.

Summary

• RWWM, Inc., an investment adviser, reported beneficial ownership of 316,714 shares of Daily Journal Corp. Common Stock, representing 23% of the class.
• Scott P. Roseman and Aaron J. Wagner, individuals associated with RWWM, Inc., also reported beneficial ownership of 316,714 shares each, also representing 23% of the class, sharing dispositive power over these shares with RWWM, Inc.
• RWWM Inc. 401(k) Profit Sharing Plan reported beneficial ownership of 7,802 shares, which constitutes 0.57% of the class.
• Roseman Wagner Partners, L.P. reported beneficial ownership of 24,986 shares, representing 1.81% of the class, with sole voting and dispositive power over these shares.
• The securities held by RWWM, Inc. are owned of record by its clients, with no single client known to have beneficial ownership of more than 5% of the class.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Daily Journal Corp.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's financial performance or outlook.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a standard regulatory disclosure of significant ownership stakes, common in the financial industry for investment advisers and funds. It reflects a substantial, but passive, investment in Daily Journal Corp. by the reporting entities.

Stakeholder Impact

• Shareholders: The disclosure of a significant 23% ownership stake by RWWM entities provides transparency regarding the company's ownership structure, which can be a factor in investor confidence and market perception.

Key Dates

Keywords

Daily Journal Corp, DJCO, RWWM Inc, Scott P. Roseman, Aaron J. Wagner, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Investment Adviser