Anchor Capital Advisors LLC Acquires 9,052 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Anchor Capital Advisors LLC increased its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT) by 6.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 145,609 shares of the technology company’s stock after purchasing an additional 9,052 shares during the period. Anchor Capital Advisors LLC owned 0.32% of Daktronics worth $1,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DAKT. New York State Teachers Retirement System bought a new position in shares of Daktronics during the first quarter valued at approximately $34,000. Tower Research Capital LLC TRC boosted its stake in Daktronics by 831.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,376 shares of the technology company’s stock valued at $71,000 after acquiring an additional 7,477 shares in the last quarter. Clear Street Markets LLC acquired a new stake in Daktronics in the fourth quarter valued at approximately $101,000. Janney Montgomery Scott LLC acquired a new stake in Daktronics in the first quarter valued at approximately $105,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Daktronics in the first quarter valued at approximately $174,000. 61.69% of the stock is currently owned by institutional investors.

Daktronics Stock Up 4.6 %

DAKT traded up $0.64 during trading on Monday, hitting $14.54. The stock had a trading volume of 471,599 shares, compared to its average volume of 514,967. The company has a market capitalization of $673.20 million, a PE ratio of 22.79, a PEG ratio of 0.41 and a beta of 1.12. Daktronics, Inc. has a twelve month low of $6.44 and a twelve month high of $14.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.37 and a current ratio of 2.09. The stock has a 50 day simple moving average of $11.81 and a two-hundred day simple moving average of $9.79.

Insiders Place Their Bets

In other Daktronics news, VP Matthew John Kurtenbach sold 8,874 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $13.90, for a total value of $123,348.60. Following the completion of the transaction, the vice president now owns 208,906 shares of the company’s stock, valued at $2,903,793.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Reece A. Kurtenbach sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $13.87, for a total transaction of $208,050.00. Following the completion of the transaction, the chief executive officer now owns 457,963 shares of the company’s stock, valued at $6,351,946.81. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Matthew John Kurtenbach sold 8,874 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $13.90, for a total transaction of $123,348.60. Following the transaction, the vice president now directly owns 208,906 shares of the company’s stock, valued at approximately $2,903,793.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,500 shares of company stock valued at $449,037. Insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a research note on Monday, July 8th.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.