Daktronics, Inc. (NASDAQ:DAKT) Director Andrew David Siegel Purchases 7,200 Shares

Daktronics, Inc. (NASDAQ:DAKT) Director Andrew David Siegel acquired 7,200 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was acquired at an average price of $11.82 per share, with a total value of $85,104.00. Following the completion of the transaction, the director now directly owns 40,946 shares of the company’s stock, valued at $483,981.72. This trade represents a 21.34 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Daktronics Trading Up 1.2 %

Shares of NASDAQ:DAKT traded up $0.14 during mid-day trading on Monday, reaching $12.18. 1,342,111 shares of the company were exchanged, compared to its average volume of 476,600. Daktronics, Inc. has a 1 year low of $8.81 and a 1 year high of $19.89. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.35 and a quick ratio of 1.67. The firm’s 50-day simple moving average is $14.88 and its 200 day simple moving average is $14.93. The firm has a market cap of $637.46 million, a price-to-earnings ratio of 48.72, a P/E/G ratio of 0.57 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum assumed coverage on Daktronics in a report on Wednesday, January 22nd. They set a “buy” rating and a $26.00 price target for the company.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DAKT. Quarry LP raised its holdings in shares of Daktronics by 75.6% in the 3rd quarter. Quarry LP now owns 2,297 shares of the technology company’s stock valued at $30,000 after buying an additional 989 shares during the period. Summit Investment Advisors Inc. grew its position in Daktronics by 29.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company’s stock valued at $71,000 after acquiring an additional 965 shares in the last quarter. Virtus Fund Advisers LLC purchased a new stake in Daktronics during the third quarter worth about $75,000. KLP Kapitalforvaltning AS purchased a new stake in Daktronics during the fourth quarter worth about $125,000. Finally, Knott David M Jr purchased a new position in shares of Daktronics in the fourth quarter valued at approximately $132,000. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

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.