Anchor Capital Advisors LLC Has $2.89 Million Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Anchor Capital Advisors LLC lifted its stake in Daktronics, Inc. (NASDAQ:DAKT) by 60.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 171,346 shares of the technology company’s stock after acquiring an additional 64,360 shares during the quarter. Anchor Capital Advisors LLC owned approximately 0.36% of Daktronics worth $2,889,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DAKT. Atria Investments Inc acquired a new position in shares of Daktronics during the 3rd quarter worth approximately $171,000. Versor Investments LP acquired a new position in Daktronics during the third quarter worth $281,000. GSA Capital Partners LLP acquired a new position in Daktronics during the third quarter worth $436,000. Victory Capital Management Inc. raised its position in Daktronics by 31.6% during the third quarter. Victory Capital Management Inc. now owns 191,799 shares of the technology company’s stock worth $2,476,000 after acquiring an additional 46,104 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in Daktronics by 5.4% in the third quarter. Empowered Funds LLC now owns 226,070 shares of the technology company’s stock valued at $2,919,000 after acquiring an additional 11,524 shares during the last quarter. Institutional investors own 61.69% of the company’s stock.

Insiders Place Their Bets

In other Daktronics news, Director John Patrick Friel sold 2,244 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $18.17, for a total transaction of $40,773.48. Following the transaction, the director now owns 87,573 shares in the company, valued at $1,591,201.41. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Reece A. Kurtenbach sold 8,048 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total transaction of $150,900.00. Following the completion of the sale, the chief executive officer now directly owns 469,727 shares of the company’s stock, valued at approximately $8,807,381.25. The trade was a 1.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum started coverage on shares of Daktronics in a research note on Wednesday, January 22nd. They set a “buy” rating and a $26.00 price objective on the stock.

Daktronics Stock Down 0.3 %

DAKT opened at $15.26 on Friday. The stock’s fifty day simple moving average is $16.48 and its 200 day simple moving average is $15.12. Daktronics, Inc. has a 1-year low of $8.55 and a 1-year high of $19.89. The stock has a market cap of $718.61 million, a PE ratio of 61.04, a price-to-earnings-growth ratio of 0.57 and a beta of 1.16. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Wednesday, December 4th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.09). Daktronics had a net margin of 3.62% and a return on equity of 19.61%. As a group, research analysts expect that Daktronics, Inc. will post 0.96 earnings per share for the current year.

Daktronics Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.