Versor Investments LP Invests $281,000 in Daktronics, Inc. (NASDAQ:DAKT)

Versor Investments LP purchased a new position in shares of Daktronics, Inc. (NASDAQ:DAKT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 21,800 shares of the technology company’s stock, valued at approximately $281,000.

Several other institutional investors have also modified their holdings of DAKT. Northwestern Mutual Wealth Management Co. lifted its stake in Daktronics by 92.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after buying an additional 1,108 shares in the last quarter. CWM LLC lifted its stake in Daktronics by 31.4% in the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company’s stock valued at $51,000 after buying an additional 872 shares in the last quarter. Hexagon Capital Partners LLC lifted its stake in Daktronics by 150.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock valued at $56,000 after buying an additional 2,400 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in Daktronics in the 1st quarter valued at approximately $105,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in Daktronics in the 1st quarter valued at $109,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Insider Transactions at Daktronics

In other news, VP Matthew John Kurtenbach sold 15,400 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $13.28, for a total transaction of $204,512.00. Following the completion of the sale, the vice president now directly owns 2,500 shares in the company, valued at $33,200. This represents a 86.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Bradley T. Wiemann sold 25,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $12.89, for a total value of $322,250.00. Following the sale, the executive vice president now owns 85,446 shares of the company’s stock, valued at approximately $1,101,398.94. The trade was a 22.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DAKT shares. Singular Research upgraded Daktronics to a “strong-buy” rating in a report on Monday, September 9th. StockNews.com upgraded Daktronics from a “hold” rating to a “buy” rating in a report on Monday, October 14th.

Daktronics Trading Down 1.6 %

Shares of DAKT opened at $14.51 on Friday. The stock has a fifty day moving average of $13.22 and a two-hundred day moving average of $12.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 2.17. The company has a market capitalization of $672.42 million, a PE ratio of 181.38, a price-to-earnings-growth ratio of 0.55 and a beta of 1.14. Daktronics, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.97.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $226.09 million during the quarter, compared to the consensus estimate of $216.84 million. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. As a group, analysts forecast that Daktronics, Inc. will post 0.89 EPS for the current year.

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.