Foundry Partners LLC Purchases 26,959 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Foundry Partners LLC boosted its position in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 5.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 516,046 shares of the technology company's stock after purchasing an additional 26,959 shares during the period. Foundry Partners LLC owned about 0.99% of Daktronics worth $6,285,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Deutsche Bank AG raised its position in shares of Daktronics by 55.8% in the fourth quarter. Deutsche Bank AG now owns 30,648 shares of the technology company's stock valued at $517,000 after buying an additional 10,977 shares in the last quarter. Barclays PLC grew its stake in shares of Daktronics by 19.2% during the fourth quarter. Barclays PLC now owns 69,593 shares of the technology company's stock worth $1,172,000 after buying an additional 11,205 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Daktronics during the first quarter worth $135,000. ProShare Advisors LLC acquired a new position in shares of Daktronics during the fourth quarter worth $190,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Daktronics by 31.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,599 shares of the technology company's stock worth $263,000 after purchasing an additional 3,746 shares during the period. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Daktronics

In related news, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $14.90, for a total transaction of $14,900,000.00. Following the sale, the insider directly owned 4,973,599 shares in the company, valued at approximately $74,106,625.10. This represents a 16.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.50% of the company's stock.

Daktronics Trading Down 2.4%

DAKT stock traded down $0.39 during midday trading on Friday, hitting $15.92. The stock had a trading volume of 294,907 shares, compared to its average volume of 466,368. The business has a fifty day moving average price of $15.13 and a two-hundred day moving average price of $14.59. Daktronics, Inc. has a 1-year low of $10.24 and a 1-year high of $19.89. The firm has a market cap of $781.83 million, a P/E ratio of -36.18, a price-to-earnings-growth ratio of 0.52 and a beta of 1.60. The company has a current ratio of 2.22, a quick ratio of 1.60 and a debt-to-equity ratio of 0.19.

Daktronics (NASDAQ:DAKT - Get Free Report) last posted its earnings results on Wednesday, June 25th. The technology company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Daktronics had a negative net margin of 1.34% and a positive return on equity of 15.29%. The company had revenue of $172.55 million during the quarter, compared to the consensus estimate of $189.10 million. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, sell-side analysts predict that Daktronics, Inc. will post 0.96 earnings per share for the current fiscal year.

Daktronics Company 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.