Wealth Enhancement Advisory Services LLC Lowers Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Wealth Enhancement Advisory Services LLC trimmed its position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 54.9% during the fourth quarter, according to the company in its most recent disclosure 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 0.06% of Daktronics worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in shares of Daktronics by 5.1% in the fourth quarter. Empowered Funds LLC now owns 237,609 shares of the technology company's stock valued at $4,006,000 after purchasing an additional 11,539 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Daktronics by 3.3% in the fourth quarter. Rhumbline Advisers now owns 58,951 shares of the technology company's stock valued at $994,000 after acquiring an additional 1,889 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Daktronics by 8.5% in 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 in the last quarter. Anchor Capital Advisors LLC grew its stake in shares of Daktronics by 60.2% in the fourth quarter. Anchor Capital Advisors LLC now owns 171,346 shares of the technology company's stock valued at $2,889,000 after acquiring an additional 64,360 shares in the last quarter. Finally, Atria Investments Inc grew its stake in shares of Daktronics by 17.0% in the fourth quarter. Atria Investments Inc now owns 15,508 shares of the technology company's stock valued at $261,000 after acquiring an additional 2,252 shares in the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Daktronics Stock Performance

Shares of DAKT stock traded down $0.55 on Friday, hitting $13.70. The company's stock had a trading volume of 330,788 shares, compared to its average volume of 497,968. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. The stock's 50 day moving average is $13.70 and its 200-day moving average is $14.90. Daktronics, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $19.89. The company has a market capitalization of $683.53 million, a PE ratio of 54.80, a PEG ratio of 0.57 and a beta of 1.62.

Insider Activity at Daktronics

In other news, Director Andrew David Siegel acquired 2,500 shares of the firm's stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $11.50 per share, for a total transaction of $28,750.00. Following the completion of the acquisition, the director now owns 43,446 shares in the company, valued at $499,629. This trade represents a 6.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $14.90, for a total value of $14,900,000.00. Following the transaction, the insider now owns 4,973,599 shares of the company's stock, valued at $74,106,625.10. The trade was a 16.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.50% of the stock is owned by corporate insiders.

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.