Anthracite Investment Company Inc. Acquires 34,205 Shares of Daktronics, Inc. (NASDAQ:DAKT)

Anthracite Investment Company Inc. lifted its stake in Daktronics, Inc. (NASDAQ:DAKT) by 13.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 285,223 shares of the technology company’s stock after acquiring an additional 34,205 shares during the period. Daktronics accounts for about 1.7% of Anthracite Investment Company Inc.’s investment portfolio, making the stock its 13th largest position. Anthracite Investment Company Inc.’s holdings in Daktronics were worth $4,809,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP raised its position in shares of Daktronics by 75.6% in the third quarter. Quarry LP now owns 2,297 shares of the technology company’s stock valued at $30,000 after purchasing an additional 989 shares during the period. Virtus Fund Advisers LLC bought a new position in Daktronics in the 3rd quarter worth $75,000. KLP Kapitalforvaltning AS bought a new position in Daktronics in the 4th quarter worth $125,000. Retirement Solution LLC acquired a new position in Daktronics during the 4th quarter worth $169,000. Finally, Fox Run Management L.L.C. bought a new stake in Daktronics during the fourth quarter valued at about $169,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Craig Hallum assumed coverage on Daktronics in a research note on Wednesday, January 22nd. They issued a “buy” rating and a $26.00 price objective on the stock.

Daktronics Trading Down 2.8 %

Shares of DAKT stock opened at $12.71 on Wednesday. The firm has a market capitalization of $634.14 million, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12. Daktronics, Inc. has a 1 year low of $8.81 and a 1 year high of $19.89. The firm’s fifty day simple moving average is $15.13 and its 200 day simple moving average is $14.92. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.40.

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.