North Star Investment Management Corp. grew its position in Daktronics, Inc. (NASDAQ:DAKT) by 120.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,700 shares of the technology company’s stock after buying an additional 50,700 shares during the period. North Star Investment Management Corp.’s holdings in Daktronics were worth $846,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in DAKT. Capital Investment Advisory Services LLC bought a new stake in shares of Daktronics in the 3rd quarter valued at about $107,000. UBS Asset Management Americas Inc. boosted its holdings in shares of Daktronics by 0.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,084 shares of the technology company’s stock valued at $116,000 after buying an additional 64 shares in the last quarter. Stevens Capital Management LP bought a new stake in shares of Daktronics in the 3rd quarter valued at about $120,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Daktronics in the 2nd quarter valued at about $123,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Daktronics by 44.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,417 shares of the technology company’s stock valued at $129,000 after buying an additional 4,130 shares in the last quarter. Institutional investors and hedge funds own 53.63% of the company’s stock.
A number of research firms have recently weighed in on DAKT. Zacks Investment Research upgraded shares of Daktronics from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. TheStreet upgraded shares of Daktronics from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Finally, BidaskClub cut shares of Daktronics from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 6th.
Daktronics (NASDAQ:DAKT) last released its earnings results on Tuesday, November 21st. The technology company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $169.30 million during the quarter, compared to analyst estimates of $172.55 million. Daktronics had a return on equity of 5.56% and a net margin of 1.89%. The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the business earned $0.20 earnings per share. analysts anticipate that Daktronics, Inc. will post 0.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Monday, December 11th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Friday, December 8th. Daktronics’s dividend payout ratio (DPR) is presently 112.00%.
In related news, insider Carla S. Gatzke sold 2,996 shares of Daktronics stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $10.27, for a total value of $30,768.92. Following the completion of the sale, the insider now directly owns 435,063 shares in the company, valued at approximately $4,468,097.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.20% of the stock is owned by company insiders.
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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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