Anthracite Investment Company Inc. Lowers Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Anthracite Investment Company Inc. decreased its holdings in shares of Daktronics, Inc. (NASDAQ:DAKT - Free Report) by 23.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 251,018 shares of the technology company's stock after selling 78,000 shares during the period. Daktronics accounts for 1.4% of Anthracite Investment Company Inc.'s portfolio, making the stock its 24th largest position. Anthracite Investment Company Inc. owned approximately 0.54% of Daktronics worth $3,241,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Daktronics by 92.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company's stock valued at $32,000 after purchasing an additional 1,108 shares during the last quarter. CWM LLC increased its stake in Daktronics by 31.4% in 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 period. Hexagon Capital Partners LLC grew its holdings in Daktronics by 150.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company's stock worth $56,000 after acquiring an additional 2,400 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Daktronics during the first quarter valued at about $105,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Daktronics in the first quarter worth $109,000. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

Daktronics Stock Down 5.4 %

Shares of NASDAQ:DAKT traded down $0.83 during trading hours on Wednesday, reaching $14.35. The stock had a trading volume of 754,829 shares, compared to its average volume of 499,229. Daktronics, Inc. has a 1 year low of $7.20 and a 1 year high of $15.97. The stock has a market capitalization of $665.01 million, a price-to-earnings ratio of 179.38, a P/E/G ratio of 0.54 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 firm's 50 day moving average is $13.38 and its 200-day moving average is $13.10.

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

Insider Transactions at Daktronics

In other news, EVP Bradley T. Wiemann sold 25,000 shares of the business's stock in a transaction that occurred on 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 owns 85,446 shares of the company's stock, valued at $1,101,398.94. The trade was a 22.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Matthew John Kurtenbach sold 15,400 shares of Daktronics stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $13.28, for a total value of $204,512.00. Following the transaction, the vice president now directly owns 2,500 shares of the company's stock, valued at approximately $33,200. This represents a 86.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.10% of the company's stock.

Analyst Ratings Changes

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

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.