Retirement Solution LLC Purchases Shares of 10,000 Daktronics, Inc. (NASDAQ:DAKT)

Retirement Solution LLC acquired a new stake in shares of Daktronics, Inc. (NASDAQ:DAKT) during the fourth quarter, Holdings Channel.com reports. The fund acquired 10,000 shares of the technology company’s stock, valued at approximately $169,000.

A number of other hedge funds also recently made changes to their positions in DAKT. Atria Investments Inc purchased a new stake in shares of Daktronics during the third quarter valued at approximately $171,000. Versor Investments LP purchased a new stake in shares of Daktronics during the third quarter valued at approximately $281,000. GSA Capital Partners LLP purchased a new stake in shares of Daktronics during the third quarter valued at approximately $436,000. Victory Capital Management Inc. raised its stake in shares of Daktronics by 31.6% during the third quarter. Victory Capital Management Inc. now owns 191,799 shares of the technology company’s stock valued at $2,476,000 after purchasing an additional 46,104 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Daktronics by 5.4% in the third quarter. Empowered Funds LLC now owns 226,070 shares of the technology company’s stock worth $2,919,000 after buying an additional 11,524 shares during the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Stock Down 0.5 %

Shares of NASDAQ:DAKT opened at $12.70 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $15.06. The firm has a market cap of $598.06 million, a PE ratio of 50.80, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12. Daktronics, Inc. has a 12-month low of $8.69 and a 12-month high of $19.89.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Wednesday, December 4th. The technology company reported $0.08 earnings per share (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%. On average, equities research analysts anticipate that Daktronics, Inc. will post 0.96 EPS for the current fiscal year.

Insider Buying and Selling at Daktronics

In other Daktronics news, CEO Reece A. Kurtenbach sold 8,048 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 469,727 shares in the company, valued at $8,807,381.25. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction of $40,773.48. Following the sale, the director now owns 87,573 shares of the company’s stock, valued at approximately $1,591,201.41. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. 5.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Craig Hallum began coverage on shares of Daktronics in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $26.00 price target for the company.

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.