Daktronics, Inc. (DAKT) Shares Sold by Bard Associates Inc.
Bard Associates Inc. lowered its position in shares of Daktronics, Inc. (NASDAQ:DAKT) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,620 shares of the technology company’s stock after selling 700 shares during the period. Bard Associates Inc. owned about 0.32% of Daktronics worth $1,373,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its stake in shares of Daktronics by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 16,300 shares of the technology company’s stock valued at $154,000 after acquiring an additional 200 shares during the last quarter. Texas Permanent School Fund lifted its stake in shares of Daktronics by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 29,279 shares of the technology company’s stock valued at $282,000 after acquiring an additional 245 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Daktronics by 1.5% in the 1st quarter. Arizona State Retirement System now owns 20,891 shares of the technology company’s stock valued at $197,000 after acquiring an additional 300 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Daktronics by 3.6% in the 2nd quarter. Aperio Group LLC now owns 14,850 shares of the technology company’s stock valued at $143,000 after acquiring an additional 512 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Daktronics by 2.2% in the 2nd quarter. Wells Fargo & Company MN now owns 28,495 shares of the technology company’s stock valued at $275,000 after acquiring an additional 620 shares during the last quarter. 51.60% of the stock is owned by hedge funds and other institutional investors.
In other Daktronics news, Director John L. Mulligan sold 10,829 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $9.90, for a total value of $107,207.10. Following the completion of the sale, the director now owns 72,953 shares of the company’s stock, valued at $722,234.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Carla S. Gatzke sold 2,988 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $10.00, for a total transaction of $29,880.00. Following the completion of the sale, the insider now directly owns 436,130 shares of the company’s stock, valued at approximately $4,361,300. The disclosure for this sale can be found here. In the last three months, insiders sold 67,124 shares of company stock valued at $786,820. 8.20% of the stock is owned by insiders.
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A number of research firms have recently weighed in on DAKT. BidaskClub lowered Daktronics from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded Daktronics from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Thursday, August 24th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $11.83.
Shares of Daktronics, Inc. (DAKT) traded up 0.83% on Monday, reaching $9.67. The company had a trading volume of 8,929 shares. Daktronics, Inc. has a 52 week low of $7.84 and a 52 week high of $11.12. The firm has a market capitalization of $427.83 million, a price-to-earnings ratio of 33.23 and a beta of 1.25. The stock’s 50 day moving average is $9.54 and its 200 day moving average is $9.46.
Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Tuesday, August 22nd. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.06. The business had revenue of $172.70 million during the quarter, compared to the consensus estimate of $165 million. Daktronics had a net margin of 2.20% and a return on equity of 6.53%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. On average, equities analysts anticipate that Daktronics, Inc. will post $0.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Monday, September 11th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Friday, September 8th. Daktronics’s payout ratio is currently 96.56%.
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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