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

Integrated Quantitative Investments LLC bought a new position in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 22,000 shares of the technology company's stock, valued at approximately $371,000.

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

Daktronics Stock Performance

DAKT traded down $0.50 during trading on Thursday, hitting $11.99. The stock had a trading volume of 81,422 shares, compared to its average volume of 482,800. 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 company's 50-day moving average price is $13.93 and its 200 day moving average price is $14.87. The firm has a market capitalization of $627.57 million, a P/E ratio of 47.88, a PEG ratio of 0.57 and a beta of 1.34. Daktronics, Inc. has a twelve month low of $8.81 and a twelve month high of $19.89.

Insiders Place Their Bets

In related news, Director Andrew David Siegel purchased 2,500 shares of the business's stock in a transaction dated Friday, April 4th. The stock was acquired at an average price of $11.50 per share, for a total transaction of $28,750.00. Following the acquisition, the director now directly owns 43,446 shares of the company's stock, valued at $499,629. This trade represents a 6.11 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum assumed coverage on Daktronics in a research note on Wednesday, January 22nd. They set a "buy" rating and a $26.00 price objective for the company.

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.