Wealth Enhancement Advisory Services LLC Has $538,000 Position in Daktronics, Inc. (NASDAQ:DAKT)

Wealth Enhancement Advisory Services LLC reduced its stake in Daktronics, Inc. (NASDAQ:DAKT) by 54.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,890 shares of the technology company’s stock after selling 38,859 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Daktronics were worth $538,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Summit Investment Advisors Inc. raised its stake in 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 acquiring an additional 965 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Daktronics during the 4th quarter valued at approximately $125,000. Knott David M Jr bought a new position in shares of Daktronics during the 4th quarter worth approximately $132,000. Retirement Solution LLC bought a new position in shares of Daktronics during the 4th quarter worth approximately $169,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Daktronics during the 4th quarter worth approximately $169,000. Institutional investors own 61.69% of the company’s stock.

Daktronics Price Performance

Shares of DAKT opened at $14.26 on Thursday. Daktronics, Inc. has a 12-month low of $10.24 and a 12-month high of $19.89. The business’s fifty day moving average is $13.59 and its 200 day moving average is $14.92. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. The stock has a market cap of $711.47 million, a P/E ratio of 57.04, a P/E/G ratio of 0.57 and a beta of 1.62.

Insider Buying and Selling at Daktronics

In other news, major shareholder Fox Opportunities Fund L. Alta sold 1,000,000 shares of Daktronics stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $14.90, for a total transaction of $14,900,000.00. Following the completion of the sale, the insider now owns 4,973,599 shares in the company, valued at approximately $74,106,625.10. This trade represents a 16.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Andrew David Siegel purchased 2,500 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of $11.50 per share, with a total value of $28,750.00. Following the transaction, the director now owns 43,446 shares in the company, valued at approximately $499,629. The trade was a 6.11% increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.50% 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.