There has been some selling insider activity on Daktronics, Inc. (NASDAQ:DAKT) recently. Director Byron J. Anderson let go of 5,567 shares at an average price of $9.91 on Fri the 9th. That brings Anderson’s holdings to $272,515 per an SEC filing yesterday. Nancy D. Frame, Director sold $34,686 worth of shares at an average price of $9.84 on Fri the 9th. Frame now owns $579,389 of stock as recorded in a recent Form 4 SEC filing.
James B. Morgan, Director disclosed the sale of 7,500 shares. The shares were purchased at an average price of $10.63. Morgan now owns $14,635,012 of the stock per the Form 4 SEC filing.
Daktronics, Inc., launched on December 9, 1968, 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. The Company serves its customers by providing standard display products, as well as custom-designed and integrated systems. The Company offers a range of products, from small scoreboards and electronic displays to video display systems, as well as related control, timing and sound systems. It designs, markets, manufactures, installs and services integrated systems displaying real-time data, graphics, animation and video..
These firms have also modified their investment in DAKT. Goldman Sachs Group Inc trimmed its holdings by shedding 23,979 shares a decrease of 17.0% in the quarter. Goldman Sachs Group Inc claims 116,733 shares valued at $1,103,000. The total value of its holdings decreased 26.8%. As of the end of the quarter Hightower Advisors, LLC had sold 1,248 shares trimming its stake by 3.0%. The value in dollars decreased from $443,000 to $383,000 a change of $60,000 quarter to quarter.
State Street Corp expanded its investment by buying 37,462 shares an increase of 4.6% as of 03/31/2017. State Street Corp now controls 855,989 shares with a value of $8,088,000. The value of the position overall is down by 7.6%. As of quarter end Two Sigma Investments, Lp had disposed of a total of 106,120 shares trimming its position 26.1%. The value of the investment in DAKT went from $4,353,000 to $2,842,000 decreasing 34.7% since the last quarter.
On September 23 the company was changed to a “Buy” by Needham which is up from the previous “Hold” rating.
The company is so far trading up from yesterday’s close of $9.82. The company declared a dividend which will be paid on Friday the 23rd of June 2017. The dividend payment will be $0.070 per share for the quarter or $0.28 on an annualized basis. This dividend represents a yield of $2.85. The ex-dividend date will be Friday the 9th of June 2017.
The stock last traded at $9.85 a bit higher than $9.43, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $9.80. The 50 day moving average moved up $0.43 and the 200 day average went up $0.06 or +0.578%.
Daktronics, Inc.’s P/E ratio is 42.848 and the market cap of the company is 435.42M. In the latest earnings report the EPS was $0.23 and is expected to be $0.36 for the current year with 44,183,000 shares now outstanding. Next quarter’s EPS is estimated at $0.19 and the next full year EPS is projected to be $0.42.
Investors are a little more bullish on the company lately at least if you consider the motion in short interest. The firm had a fall in short interest of -1.95% as of April 28, 2017 from the last reporting period. Short shares decreased 37,838 over that period. With short interest at 1,901,533 and short average daily volume at 127,869, the short-interest ratio is 14.9 and the short interest percentage is 0.04% as of April 28.