Daktronics, Inc. (NASDAQ:DAKT) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its stake in Daktronics, Inc. (NASDAQ:DAKT) by 3.5% in the fourth quarter, Holdings Channel reports. The firm owned 193,809 shares of the technology company’s stock after selling 7,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Daktronics were worth $3,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of DAKT. Money Concepts Capital Corp lifted its holdings in shares of Daktronics by 0.4% during the fourth quarter. Money Concepts Capital Corp now owns 150,724 shares of the technology company’s stock worth $2,541,000 after purchasing an additional 607 shares during the period. Franklin Resources Inc. increased its stake in shares of Daktronics by 0.9% in the third quarter. Franklin Resources Inc. now owns 70,992 shares of the technology company’s stock worth $959,000 after acquiring an additional 654 shares during the period. Summit Investment Advisors Inc. raised its holdings in shares of Daktronics by 29.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,192 shares of the technology company’s stock worth $71,000 after purchasing an additional 965 shares during the last quarter. Principal Financial Group Inc. lifted its position in Daktronics by 8.5% during the fourth quarter. Principal Financial Group Inc. now owns 22,413 shares of the technology company’s stock valued at $378,000 after purchasing an additional 1,765 shares during the period. Finally, Rhumbline Advisers boosted its holdings in 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 purchasing an additional 1,889 shares during the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Stock Up 0.4 %

DAKT stock opened at $12.41 on Friday. The firm’s fifty day moving average is $13.45 and its 200 day moving average is $14.84. The firm has a market cap of $649.50 million, a PE ratio of 49.64, a P/E/G ratio of 0.57 and a beta of 1.34. Daktronics, Inc. has a one year low of $8.93 and a one year high of $19.89. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum initiated coverage on Daktronics in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $26.00 target price on the stock.

Insider Activity at Daktronics

In other Daktronics news, Director Andrew David Siegel acquired 7,200 shares of the business’s stock in a transaction dated Monday, March 31st. The stock was acquired at an average cost of $11.82 per share, for a total transaction of $85,104.00. Following the completion of the transaction, the director now directly owns 40,946 shares of the company’s stock, valued at $483,981.72. This represents a 21.34 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is owned by company insiders.

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.