Quest Partners LLC Makes New $391,000 Investment in Daktronics, Inc. (NASDAQ:DAKT)

Quest Partners LLC purchased a new stake in Daktronics, Inc. (NASDAQ:DAKT) during the third quarter, Holdings Channel reports. The firm purchased 30,270 shares of the technology company’s stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in Daktronics by 92.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after acquiring an additional 1,108 shares in the last quarter. CWM LLC grew its stake in Daktronics by 31.4% during the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company’s stock worth $51,000 after buying an additional 872 shares during the last quarter. Hexagon Capital Partners LLC increased its position in Daktronics by 150.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock valued at $56,000 after buying an additional 2,400 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in Daktronics in the first quarter valued at about $109,000. Finally, Atria Investments Inc acquired a new stake in Daktronics in the third quarter worth about $171,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Analyst Upgrades and Downgrades

DAKT has been the topic of several recent analyst reports. StockNews.com upgraded shares of Daktronics from a “hold” rating to a “buy” rating in a report on Monday, October 14th. Singular Research raised shares of Daktronics to a “strong-buy” rating in a report on Monday, September 9th.

Insider Transactions at Daktronics

In other Daktronics news, EVP Bradley T. Wiemann sold 25,000 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $12.89, for a total transaction of $322,250.00. Following the sale, the executive vice president now directly owns 85,446 shares of the company’s stock, valued at approximately $1,101,398.94. This trade represents a 22.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matthew John Kurtenbach sold 15,400 shares of Daktronics stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $13.28, for a total value of $204,512.00. Following the transaction, the vice president now owns 2,500 shares of the company’s stock, valued at $33,200. The trade was a 86.03 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

Daktronics Stock Up 3.8 %

Daktronics stock opened at $14.88 on Monday. Daktronics, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $15.97. The company has a market cap of $689.57 million, a PE ratio of 186.00, a PEG ratio of 0.53 and a beta of 1.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 2.17. The business’s 50-day simple moving average is $13.47 and its two-hundred day simple moving average is $13.18.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. Daktronics had a net margin of 1.29% and a return on equity of 19.92%. The company had revenue of $226.09 million for the quarter, compared to the consensus estimate of $216.84 million. Equities analysts anticipate that Daktronics, Inc. will post 0.89 EPS for the current year.

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.