317,632 Shares in Daktronics, Inc. (NASDAQ:DAKT) Bought by Foundry Partners LLC

Foundry Partners LLC purchased a new stake in Daktronics, Inc. (NASDAQ:DAKT) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 317,632 shares of the technology company’s stock, valued at approximately $4,101,000. Foundry Partners LLC owned approximately 0.69% of Daktronics as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Progeny 3 Inc. boosted its stake in Daktronics by 140.0% in the 2nd quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company’s stock worth $25,039,000 after purchasing an additional 1,047,156 shares in the last quarter. Duquesne Family Office LLC lifted its stake in Daktronics by 20.3% during the 2nd quarter. Duquesne Family Office LLC now owns 2,493,605 shares of the technology company’s stock valued at $34,786,000 after acquiring an additional 420,161 shares during the period. American Century Companies Inc. lifted its stake in Daktronics by 27.5% during the 2nd quarter. American Century Companies Inc. now owns 869,837 shares of the technology company’s stock valued at $12,134,000 after acquiring an additional 187,486 shares during the period. Privium Fund Management UK Ltd bought a new position in Daktronics during the 2nd quarter valued at about $1,338,000. Finally, Inspire Investing LLC bought a new position in shares of Daktronics in the 2nd quarter worth approximately $998,000. Institutional investors own 61.69% of the company’s stock.

Insider Buying and Selling at Daktronics

In related news, VP Matthew John Kurtenbach sold 15,400 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $13.28, for a total transaction of $204,512.00. Following the transaction, the vice president now owns 2,500 shares of the company’s stock, valued at approximately $33,200. This represents a 86.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bradley T. Wiemann sold 25,000 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $12.89, for a total value of $322,250.00. Following the completion of the sale, the executive vice president now directly owns 85,446 shares in the company, valued at $1,101,398.94. This represents a 22.64 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

DAKT has been the topic of several recent research reports. StockNews.com upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, October 14th. Singular Research upgraded shares of Daktronics to a “strong-buy” rating in a research note on Monday, September 9th.

Daktronics Stock Up 0.2 %

NASDAQ:DAKT opened at $14.37 on Friday. Daktronics, Inc. has a twelve month low of $7.20 and a twelve month high of $15.97. The company has a market cap of $665.99 million, a price-to-earnings ratio of 179.65, a price-to-earnings-growth ratio of 0.57 and a beta of 1.14. The stock has a fifty day simple moving average of $13.42 and a 200-day simple moving average of $13.11. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.48.

Daktronics (NASDAQ:DAKT) last posted its earnings results on Wednesday, September 4th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. The company had revenue of $226.09 million for the quarter, compared to analyst estimates of $216.84 million. Analysts anticipate that Daktronics, Inc. will post 0.89 EPS for the current year.

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.