Wealth Enhancement Advisory Services LLC Purchases 42,349 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 132.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,239 shares of the technology company's stock after buying an additional 42,349 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.14% of Daktronics worth $904,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. SummerHaven Investment Management LLC boosted its stake in shares of Daktronics by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 56,355 shares of the technology company's stock worth $686,000 after acquiring an additional 876 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Daktronics during the 1st quarter worth about $121,000. Summit Global Investments bought a new stake in shares of Daktronics during the 1st quarter worth about $208,000. GAMMA Investing LLC boosted its stake in Daktronics by 5,889.3% during the 1st quarter. GAMMA Investing LLC now owns 7,247 shares of the technology company's stock valued at $88,000 after purchasing an additional 7,126 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Daktronics by 133.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,411 shares of the technology company's stock valued at $1,305,000 after purchasing an additional 44,307 shares during the period. 61.69% of the stock is owned by institutional investors and hedge funds.

Daktronics Stock Performance

NASDAQ:DAKT traded up $0.45 during mid-day trading on Friday, hitting $16.90. 509,956 shares of the company's stock traded hands, compared to its average volume of 483,403. The firm has a 50 day moving average of $14.53 and a two-hundred day moving average of $14.64. Daktronics, Inc. has a 12 month low of $10.24 and a 12 month high of $19.89. The firm has a market capitalization of $829.96 million, a price-to-earnings ratio of -38.41, a price-to-earnings-growth ratio of 0.55 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 announced its earnings results on Wednesday, June 25th. The technology company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Daktronics had a positive return on equity of 15.29% and a negative net margin of 1.34%. The firm had revenue of $172.55 million during the quarter, compared to the consensus estimate of $189.10 million. During the same quarter in the prior year, the company earned $0.27 EPS. On average, equities analysts forecast that Daktronics, Inc. will post 0.96 earnings per share for the current fiscal year.

Insider Activity at Daktronics

In other Daktronics news, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of the firm'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 value of $14,900,000.00. Following the completion of the sale, the insider owned 4,973,599 shares in the company, valued at approximately $74,106,625.10. This trade represents a 16.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.50% of the company's stock.

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.