Daktronics, Inc. $DAKT is Anthracite Investment Company Inc.’s 8th Largest Position

Anthracite Investment Company Inc. boosted its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT) by 17.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 441,214 shares of the technology company’s stock after buying an additional 65,275 shares during the quarter. Daktronics accounts for about 3.4% of Anthracite Investment Company Inc.’s portfolio, making the stock its 8th largest holding. Anthracite Investment Company Inc. owned about 0.90% of Daktronics worth $6,671,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Inspire Investing LLC raised its position in Daktronics by 206.3% during the 2nd 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 during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Daktronics during the 2nd quarter worth approximately $125,000. SummerHaven Investment Management LLC grew its stake in shares of Daktronics by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 57,501 shares of the technology company’s stock worth $869,000 after purchasing an additional 1,146 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Daktronics during the 2nd quarter worth approximately $79,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Daktronics by 3.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 76,599 shares of the technology company’s stock worth $1,158,000 after purchasing an additional 2,360 shares during the period. 61.69% of the stock is owned by hedge funds and other institutional investors.

Daktronics Stock Performance

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

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings data on Wednesday, September 10th. The technology company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.09. The company had revenue of $218.97 million during the quarter, compared to analysts’ expectations of $196.90 million. Daktronics had a net margin of 1.51% and a return on equity of 14.64%. As a group, research analysts forecast that Daktronics, Inc. will post 0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DAKT shares. Wall Street Zen raised shares of Daktronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 14th. Zacks Research raised shares of Daktronics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Daktronics in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $26.00.

Insiders Place Their Bets

In other Daktronics news, insider Sheila Mae Anderson sold 3,839 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $16.86, for a total value of $64,725.54. Following the transaction, the insider owned 39,495 shares in the company, valued at approximately $665,885.70. This trade represents a 8.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Carla S. Gatzke sold 9,944 shares of the firm’s stock in a transaction on Wednesday, September 17th. The shares were 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 owned 721,036 shares in the company, valued at $16,648,721.24. The trade was a 1.36% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,262 shares of company stock worth $612,167. Company insiders own 5.30% 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.