Acadian Asset Management LLC Grows Position in Daktronics, Inc. (NASDAQ:DAKT)

Acadian Asset Management LLC boosted its stake in shares of Daktronics, Inc. (NASDAQ:DAKTGet Rating) by 32.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,775,630 shares of the technology company’s stock after purchasing an additional 435,827 shares during the period. Acadian Asset Management LLC owned approximately 3.91% of Daktronics worth $6,815,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Abacus Planning Group Inc. purchased a new stake in Daktronics during the 1st quarter worth approximately $39,000. Victory Capital Management Inc. lifted its stake in Daktronics by 22.0% during the 4th quarter. Victory Capital Management Inc. now owns 18,186 shares of the technology company’s stock valued at $92,000 after acquiring an additional 3,279 shares during the period. Russell Investments Group Ltd. lifted its stake in Daktronics by 471.6% during the 1st quarter. Russell Investments Group Ltd. now owns 34,870 shares of the technology company’s stock valued at $133,000 after acquiring an additional 28,770 shares during the period. Teton Advisors Inc. lifted its stake in Daktronics by 9.5% during the 4th quarter. Teton Advisors Inc. now owns 46,000 shares of the technology company’s stock valued at $232,000 after acquiring an additional 4,000 shares during the period. Finally, American Century Companies Inc. lifted its stake in Daktronics by 26.2% during the 1st quarter. American Century Companies Inc. now owns 64,738 shares of the technology company’s stock valued at $249,000 after acquiring an additional 13,458 shares during the period. Hedge funds and other institutional investors own 47.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet upgraded shares of Daktronics from a “d+” rating to a “c-” rating in a research note on Monday, August 15th.

Daktronics Stock Performance

DAKT opened at $3.07 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.49 and a quick ratio of 0.86. The firm has a fifty day moving average price of $3.61 and a 200 day moving average price of $3.67. Daktronics, Inc. has a 1 year low of $2.82 and a 1 year high of $6.00. The stock has a market cap of $138.25 million, a P/E ratio of 307.31 and a beta of 0.79.

Daktronics (NASDAQ:DAKTGet Rating) last posted its earnings results on Wednesday, August 31st. The technology company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.14). Daktronics had a net margin of 0.10% and a return on equity of 0.30%.

Daktronics Profile

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Daktronics, Inc designs, manufactures, markets, and sells electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; indoor and outdoor light emitting diodes (LED) video displays, including centerhung, landmark, ribbon board, and corporate office entrance displays, as well as video walls and hanging banners; mobile and modular display systems; architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.

Further Reading

Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

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