SG Americas Securities LLC Has $309,000 Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

SG Americas Securities LLC increased its position in Daktronics, Inc. (NASDAQ:DAKT) by 25.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,339 shares of the technology company’s stock after purchasing an additional 3,758 shares during the quarter. SG Americas Securities LLC’s holdings in Daktronics were worth $309,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP raised its stake in shares of Daktronics by 75.6% during the third quarter. Quarry LP now owns 2,297 shares of the technology company’s stock worth $30,000 after buying an additional 989 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Daktronics by 92.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after acquiring an additional 1,108 shares during the last quarter. Virtus Fund Advisers LLC bought a new stake in shares of Daktronics during the 3rd quarter valued at $75,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Daktronics in the 3rd quarter valued at $164,000. Finally, Hennessy Advisors Inc. bought a new position in shares of Daktronics in the 4th quarter worth $170,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Daktronics Price Performance

NASDAQ DAKT opened at $16.77 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. The stock has a market cap of $789.70 million, a price-to-earnings ratio of 67.08, a PEG ratio of 0.57 and a beta of 1.16. The business has a 50 day simple moving average of $16.97 and a 200 day simple moving average of $14.92. Daktronics, Inc. has a 52-week low of $7.20 and a 52-week high of $19.89.

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

Analyst Ratings Changes

Several research firms have weighed in on DAKT. Craig Hallum began coverage on Daktronics in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $26.00 target price on the stock. StockNews.com upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a report on Monday, October 14th.

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.