Wealth Enhancement Advisory Services LLC cut its stake in Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 54.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,890 shares of the technology company's stock after selling 38,859 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.06% of Daktronics worth $538,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. lifted its position in shares of Daktronics by 29.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company's stock valued at $71,000 after buying an additional 965 shares during the last quarter. Principal Financial Group Inc. lifted its position in Daktronics by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 22,413 shares of the technology company's stock valued at $378,000 after acquiring an additional 1,765 shares during the last quarter. Rhumbline Advisers grew its holdings in Daktronics by 3.3% in the fourth quarter. Rhumbline Advisers now owns 58,951 shares of the technology company's stock worth $994,000 after purchasing an additional 1,889 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Daktronics by 17.0% during the 4th quarter. Atria Investments Inc now owns 15,508 shares of the technology company's stock valued at $261,000 after purchasing an additional 2,252 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC grew its stake in Daktronics by 18.1% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 14,793 shares of the technology company's stock worth $249,000 after buying an additional 2,267 shares during the last quarter. Institutional investors own 61.69% of the company's stock.
Insider Activity at Daktronics
In other Daktronics news, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $14.90, for a total transaction of $14,900,000.00. Following the completion of the sale, the insider now directly owns 4,973,599 shares in the company, valued at approximately $74,106,625.10. The trade was a 16.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew David Siegel acquired 2,500 shares of the firm's stock in a transaction on Friday, April 4th. The stock was purchased at an average price of $11.50 per share, for a total transaction of $28,750.00. Following the acquisition, the director now directly owns 43,446 shares in the company, valued at $499,629. This represents a 6.11% increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.50% of the company's stock.
Daktronics Stock Performance
Shares of NASDAQ:DAKT traded down $0.01 on Thursday, hitting $14.25. 258,142 shares of the company were exchanged, compared to its average volume of 496,496. The firm has a market capitalization of $710.98 million, a P/E ratio of 57.00, a price-to-earnings-growth ratio of 0.57 and a beta of 1.62. 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 stock's 50 day moving average price is $13.59 and its 200 day moving average price is $14.92. Daktronics, Inc. has a 1-year low of $10.24 and a 1-year high of $19.89.
Daktronics Company Profile
(
Free Report)
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.
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