33,734 Shares in Daktronics, Inc. (NASDAQ:DAKT) Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in Daktronics, Inc. (NASDAQ:DAKT) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 33,734 shares of the technology company’s stock, valued at approximately $436,000. GSA Capital Partners LLP owned approximately 0.07% of Daktronics at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Daktronics by 92.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock worth $32,000 after acquiring an additional 1,108 shares in the last quarter. CWM LLC increased its holdings in Daktronics by 31.4% in the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company’s stock worth $51,000 after acquiring an additional 872 shares in the last quarter. Hexagon Capital Partners LLC increased its holdings in Daktronics by 150.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock worth $56,000 after acquiring an additional 2,400 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Daktronics in the 1st quarter worth approximately $105,000. Finally, Price T Rowe Associates Inc. MD bought a new position in Daktronics in the 1st quarter worth approximately $109,000. 61.69% of the stock is owned by hedge funds and other institutional investors.

Daktronics Trading Down 5.4 %

DAKT stock opened at $14.35 on Thursday. Daktronics, Inc. has a 1-year low of $7.20 and a 1-year high of $15.97. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.17 and a quick ratio of 1.48. The company has a market capitalization of $665.01 million, a price-to-earnings ratio of 179.38, a PEG ratio of 0.54 and a beta of 1.14. The business has a 50 day simple moving average of $13.38 and a two-hundred day simple moving average of $13.10.

Daktronics (NASDAQ:DAKT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $226.09 million during the quarter, compared to the consensus estimate of $216.84 million. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. Research analysts anticipate that Daktronics, Inc. will post 0.89 EPS for the current fiscal year.

Insider Activity

In related news, EVP Bradley T. Wiemann sold 25,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $12.89, for a total value of $322,250.00. Following the completion of the sale, the executive vice president now directly owns 85,446 shares in the company, valued at $1,101,398.94. This trade represents a 22.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Matthew John Kurtenbach sold 15,400 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $13.28, for a total value of $204,512.00. Following the completion of the sale, the vice president now owns 2,500 shares of the company’s stock, valued at approximately $33,200. This represents a 86.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on DAKT. StockNews.com upgraded Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, October 14th. Singular Research upgraded Daktronics to a “strong-buy” rating in a research note on Monday, September 9th.

Daktronics Company 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.