Daktronics, Inc. $DAKT Stake Lifted by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. raised its position in Daktronics, Inc. (NASDAQ:DAKT) by 17.4% during the second quarter, HoldingsChannel reports. The firm owned 441,214 shares of the technology company’s stock after purchasing an additional 65,275 shares during the period. Daktronics comprises 3.4% of Anthracite Investment Company Inc.’s holdings, making the stock its 8th biggest position. Anthracite Investment Company Inc.’s holdings in Daktronics were worth $6,671,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DAKT. Alta Fox Capital Management LLC raised its holdings in shares of Daktronics by 94.3% during the 1st quarter. Alta Fox Capital Management LLC now owns 5,973,599 shares of the technology company’s stock worth $72,758,000 after acquiring an additional 2,899,263 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Daktronics by 466.6% during the 1st quarter. Bank of New York Mellon Corp now owns 1,344,442 shares of the technology company’s stock worth $16,375,000 after acquiring an additional 1,107,157 shares during the period. Breach Inlet Capital Management LLC raised its holdings in shares of Daktronics by 82.6% during the 1st quarter. Breach Inlet Capital Management LLC now owns 1,656,758 shares of the technology company’s stock worth $20,179,000 after acquiring an additional 749,444 shares during the period. Duquesne Family Office LLC increased its position in shares of Daktronics by 16.9% during the 1st quarter. Duquesne Family Office LLC now owns 3,067,625 shares of the technology company’s stock worth $37,364,000 after purchasing an additional 442,520 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of Daktronics during the 1st quarter worth about $4,631,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Insider Buying and Selling at Daktronics

In other Daktronics news, VP Carla S. Gatzke sold 9,944 shares of Daktronics stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $23.09, for a total value of $229,606.96. Following the completion of the transaction, the vice president directly owned 721,036 shares of the company’s stock, valued at $16,648,721.24. The trade was a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sheila Mae Anderson sold 3,839 shares of Daktronics stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $16.86, for a total value of $64,725.54. Following the completion of the transaction, the insider directly owned 39,495 shares of the company’s stock, valued at approximately $665,885.70. This represents a 8.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,262 shares of company stock valued at $612,167 in the last three months. 5.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on DAKT. Zacks Research raised shares of Daktronics from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Daktronics in a research report on Friday. Finally, Wall Street Zen upgraded shares of Daktronics from a “buy” rating to a “strong-buy” rating in a research report on Sunday, September 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $26.00.

Daktronics Stock Performance

NASDAQ DAKT opened at $20.42 on Friday. The company has a market cap of $990.98 million, a P/E ratio of 34.03, a P/E/G ratio of 0.62 and a beta of 1.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.07 and a quick ratio of 1.54. The stock has a 50-day moving average of $19.54 and a two-hundred day moving average of $16.48. Daktronics, Inc. has a 1-year low of $10.24 and a 1-year high of $24.38.

Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, September 10th. The technology company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.09. The company had revenue of $218.97 million during the quarter, compared to the consensus estimate of $196.90 million. Daktronics had a return on equity of 14.64% and a net margin of 1.51%. As a group, analysts anticipate that Daktronics, Inc. will post 0.96 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.