Anchor Capital Advisors LLC Has $2.01 Million Stake in Daktronics, Inc. $DAKT

Anchor Capital Advisors LLC lowered its holdings in Daktronics, Inc. (NASDAQ:DAKT) by 50.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 96,239 shares of the technology company’s stock after selling 99,608 shares during the quarter. Anchor Capital Advisors LLC owned about 0.20% of Daktronics worth $2,013,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DAKT. American Century Companies Inc. increased its holdings in Daktronics by 7.0% during the 2nd quarter. American Century Companies Inc. now owns 1,619,937 shares of the technology company’s stock worth $24,493,000 after purchasing an additional 105,313 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Daktronics by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 76,599 shares of the technology company’s stock valued at $1,158,000 after buying an additional 2,360 shares during the last quarter. Inspire Investing LLC grew its holdings in Daktronics by 206.3% during the second quarter. Inspire Investing LLC now owns 86,188 shares of the technology company’s stock worth $1,303,000 after buying an additional 58,047 shares in the last quarter. CSM Advisors LLC bought a new stake in Daktronics during the second quarter worth $6,242,000. Finally, Anthracite Investment Company Inc. raised its position in Daktronics by 17.4% in the 2nd quarter. Anthracite Investment Company Inc. now owns 441,214 shares of the technology company’s stock valued at $6,671,000 after buying an additional 65,275 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on DAKT shares. Zacks Research downgraded shares of Daktronics from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Daktronics in a research report on Monday, December 29th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Daktronics has an average rating of “Hold”.

Daktronics Stock Performance

Shares of DAKT opened at $22.01 on Thursday. Daktronics, Inc. has a 1 year low of $10.24 and a 1 year high of $24.38. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.23 and a quick ratio of 1.71. The stock’s fifty day moving average price is $19.37 and its two-hundred day moving average price is $18.84. The firm has a market cap of $1.07 billion, a PE ratio of 169.32, a PEG ratio of 0.62 and a beta of 1.72.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Wednesday, December 10th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $229.25 million for the quarter, compared to analysts’ expectations of $213.93 million. Daktronics had a return on equity of 15.42% and a net margin of 0.96%.During the same period in the previous year, the business posted $0.27 EPS. On average, equities research analysts forecast that Daktronics, Inc. will post 0.96 EPS for the current year.

Daktronics Company Profile

Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.

The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.