Bard Associates Inc. decreased its stake in Daktronics, Inc. (NASDAQ:DAKT) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,320 shares of the technology company’s stock after selling 2,100 shares during the period. Bard Associates Inc. owned about 0.33% of Daktronics worth $1,354,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Daktronics during the fourth quarter valued at about $4,261,000. Scout Investments Inc. purchased a new position in shares of Daktronics during the first quarter valued at about $1,794,000. RidgeWorth Capital Management LLC increased its position in shares of Daktronics by 15.2% in the first quarter. RidgeWorth Capital Management LLC now owns 1,580,957 shares of the technology company’s stock valued at $14,940,000 after buying an additional 209,008 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Daktronics by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,431,333 shares of the technology company’s stock valued at $22,976,000 after buying an additional 176,024 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new position in Daktronics during the fourth quarter valued at $1,430,000. 52.60% of the stock is currently owned by institutional investors and hedge funds.
Daktronics, Inc. (DAKT) traded down 1.32% during trading on Tuesday, reaching $9.72. 78,235 shares of the company’s stock traded hands. Daktronics, Inc. has a one year low of $6.05 and a one year high of $11.12. The company has a 50-day moving average price of $9.50 and a 200 day moving average price of $9.76. The firm has a market capitalization of $429.46 million, a PE ratio of 42.26 and a beta of 1.32.
Daktronics (NASDAQ:DAKT) last posted its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by $0.04. The firm had revenue of $143.70 million during the quarter, compared to analyst estimates of $141.50 million. Daktronics had a net margin of 1.76% and a return on equity of 5.14%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned ($0.07) EPS. On average, analysts anticipate that Daktronics, Inc. will post $0.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Shareholders of record on Tuesday, June 13th will be issued a $0.07 dividend. The ex-dividend date is Friday, June 9th. This represents a $0.28 annualized dividend and a yield of 2.88%. Daktronics’s dividend payout ratio (DPR) is 121.74%.
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Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Daktronics from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. TheStreet cut shares of Daktronics from a “b” rating to a “c+” rating in a report on Tuesday, February 21st. Finally, Needham & Company LLC dropped their price target on shares of Daktronics from $11.00 to $10.50 and set a “buy” rating for the company in a research report on Tuesday, February 21st.
In other news, Director Nancy D. Frame sold 3,525 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $9.84, for a total value of $34,686.00. Following the completion of the transaction, the director now directly owns 58,881 shares of the company’s stock, valued at approximately $579,389.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John L. Mulligan sold 16,000 shares of the stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $9.83, for a total value of $157,280.00. Following the completion of the transaction, the director now directly owns 72,953 shares of the company’s stock, valued at $717,127.99. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,354 shares of company stock valued at $299,173. 8.40% of the stock is currently owned by insiders.
Daktronics Company Profile
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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