Money Concepts Capital Corp Increases Position in Daktronics, Inc. (NASDAQ:DAKT)

Money Concepts Capital Corp increased its stake in shares of Daktronics, Inc. (NASDAQ:DAKT) by 0.4% in the fourth quarter, HoldingsChannel reports. The firm owned 150,724 shares of the technology company’s stock after buying an additional 607 shares during the period. Money Concepts Capital Corp’s holdings in Daktronics were worth $2,541,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of Daktronics by 75.6% in the 3rd 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. grew its holdings in Daktronics by 92.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock worth $32,000 after purchasing an additional 1,108 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in shares of Daktronics during the third quarter worth $75,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Daktronics in the 3rd quarter worth $164,000. Finally, Hennessy Advisors Inc. purchased a new position in Daktronics during the 4th quarter worth $170,000. Institutional investors own 61.69% of the company’s stock.

Analyst Ratings Changes

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

Daktronics Trading Up 4.4 %

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

Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Wednesday, December 4th. The technology company reported $0.08 earnings per share 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%. Sell-side analysts anticipate that Daktronics, Inc. will post 0.96 EPS for the current year.

Insider Transactions at Daktronics

In other Daktronics news, CEO Reece A. Kurtenbach sold 8,048 shares of Daktronics stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $18.75, for a total value of $150,900.00. Following the completion of the transaction, the chief executive officer now owns 469,727 shares of the company’s stock, valued at approximately $8,807,381.25. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Patrick Friel sold 2,244 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $18.17, for a total value of $40,773.48. Following the sale, the director now owns 87,573 shares in the company, 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. Company insiders own 5.50% of the company’s stock.

About Daktronics

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.