Money Concepts Capital Corp Acquires 607 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Money Concepts Capital Corp lifted its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 150,724 shares of the technology company’s stock after acquiring an additional 607 shares during the period. Money Concepts Capital Corp owned 0.32% of Daktronics worth $2,541,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DAKT. SG Americas Securities LLC boosted its stake in Daktronics by 25.8% in the 4th quarter. SG Americas Securities LLC now owns 18,339 shares of the technology company’s stock worth $309,000 after purchasing an additional 3,758 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of Daktronics in the fourth quarter worth $170,000. Franklin Resources Inc. grew its stake in Daktronics by 0.9% during the third quarter. Franklin Resources Inc. now owns 70,992 shares of the technology company’s stock valued at $959,000 after acquiring an additional 654 shares in the last quarter. Barclays PLC increased its holdings in Daktronics by 348.2% in the 3rd quarter. Barclays PLC now owns 58,388 shares of the technology company’s stock valued at $754,000 after acquiring an additional 45,360 shares during the last quarter. Finally, Virtus Fund Advisers LLC purchased a new stake in Daktronics in the 3rd quarter worth $75,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Stock Up 4.4 %

Shares of NASDAQ:DAKT opened at $16.77 on Wednesday. The company has a 50-day moving average price of $16.97 and a 200 day moving average price of $14.92. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. Daktronics, Inc. has a 12 month low of $7.20 and a 12 month high of $19.89. The company 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.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Wednesday, December 4th. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.09). Daktronics had a net margin of 3.62% and a return on equity of 19.61%. As a group, equities research analysts predict that Daktronics, Inc. will post 0.96 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com raised Daktronics from a “hold” rating to a “buy” rating in a report on Monday, October 14th. Craig Hallum assumed coverage on Daktronics in a report on Wednesday, January 22nd. They set a “buy” rating and a $26.00 price objective on the stock.

Insiders Place Their Bets

In other news, CEO Reece A. Kurtenbach sold 8,048 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total transaction of $150,900.00. Following the transaction, the chief executive officer now directly owns 469,727 shares of the company’s stock, valued at approximately $8,807,381.25. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Patrick Friel sold 2,244 shares of Daktronics stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $18.17, for a total transaction of $40,773.48. Following the sale, the director now directly owns 87,573 shares of the company’s stock, valued at $1,591,201.41. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.50% of the company’s stock.

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.