22,000 Shares in Daktronics, Inc. (NASDAQ:DAKT) Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in shares of Daktronics, Inc. (NASDAQ:DAKT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 22,000 shares of the technology company’s stock, valued at approximately $371,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DAKT. Quarry LP increased its position in Daktronics by 75.6% during the third quarter. Quarry LP now owns 2,297 shares of the technology company’s stock valued at $30,000 after acquiring an additional 989 shares during the last quarter. Virtus Fund Advisers LLC purchased a new stake in shares of Daktronics during the 3rd quarter valued at about $75,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Daktronics during the 4th quarter valued at about $125,000. Knott David M Jr purchased a new position in shares of Daktronics in the fourth quarter worth approximately $132,000. Finally, Retirement Solution LLC bought a new stake in Daktronics during the fourth quarter valued at approximately $169,000. 61.69% of the stock is owned by institutional investors.

Daktronics Stock Performance

NASDAQ:DAKT opened at $11.61 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.67 and a current ratio of 2.35. The stock has a 50-day simple moving average of $14.41 and a two-hundred day simple moving average of $14.89. The firm has a market capitalization of $607.63 million, a PE ratio of 46.44, a P/E/G ratio of 0.57 and a beta of 1.34. Daktronics, Inc. has a 52-week low of $8.81 and a 52-week high of $19.89.

Wall Street Analyst Weigh In

Separately, Craig Hallum initiated coverage on shares of Daktronics in a research note on Wednesday, January 22nd. They set a “buy” rating and a $26.00 price target on the stock.

Insider Activity

In other news, Director Andrew David Siegel bought 7,200 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were bought at an average price of $11.82 per share, for a total transaction of $85,104.00. Following the purchase, the director now owns 40,946 shares in the company, valued at $483,981.72. This represents a 21.34 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 5.50% of the company’s stock.

Daktronics Company Profile

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.