Daktronics, Inc. (NASDAQ:DAKT) Holdings Boosted by Alambic Investment Management L.P.

Alambic Investment Management L.P. lifted its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT) by 67.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 67,568 shares of the technology company’s stock after purchasing an additional 27,265 shares during the period. Alambic Investment Management L.P. owned about 0.15% of Daktronics worth $617,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC purchased a new stake in shares of Daktronics in the 3rd quarter worth about $107,000. Stevens Capital Management LP purchased a new stake in shares of Daktronics in the 3rd quarter worth about $120,000. UBS Asset Management Americas Inc. lifted its position in shares of Daktronics by 0.5% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 12,084 shares of the technology company’s stock worth $116,000 after purchasing an additional 64 shares during the period. Jane Street Group LLC purchased a new stake in shares of Daktronics in the 3rd quarter worth about $130,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Daktronics during the 2nd quarter valued at about $123,000. 53.68% of the stock is currently owned by institutional investors.

Daktronics, Inc. (DAKT) opened at $9.39 on Thursday. Daktronics, Inc. has a twelve month low of $7.84 and a twelve month high of $10.86. The stock has a market cap of $417.61, a PE ratio of 37.56 and a beta of 1.17. The company has a quick ratio of 1.53, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Tuesday, November 21st. The technology company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Daktronics had a return on equity of 5.56% and a net margin of 1.89%. The company had revenue of $169.30 million during the quarter, compared to the consensus estimate of $172.55 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s revenue was down .4% compared to the same quarter last year. sell-side analysts predict that Daktronics, Inc. will post 0.36 EPS for the current fiscal year.

A number of brokerages recently issued reports on DAKT. BidaskClub raised shares of Daktronics from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Sidoti began coverage on shares of Daktronics in a research report on Wednesday, January 24th. They set a “neutral” rating and a $10.00 price target for the company. Finally, Zacks Investment Research raised shares of Daktronics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Daktronics presently has a consensus rating of “Hold” and a consensus price target of $10.50.

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Daktronics Company Profile

Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.

Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

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