Here is the rundown on market activity for Daktronics, Inc. (NASDAQ:DAKT). Director Nancy D. Frame sold 3,525 shares at an average price of $9.84 on Fri the 9th. That brings Frame’s holdings to $579,389 as recorded in a recent Form 4 SEC filing. James B. Morgan, Director sold $79,725 worth of shares at an average price of $10.63 on December 30th. That brings the Director’s holdings to $14,635,012 as reported to the SEC.
James B. Morgan, Director disclosed the sale of 12,500 shares of DAKT stock. The shares were sold on December 29th for a price of $10.61. The Director now owns $14,687,052 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 reduced its position by selling 23,979 shares a decrease of 17.0% in the quarter. Goldman Sachs Group Inc controls 116,733 shares valued at $1,103,000. The total value of its holdings decreased 26.8%. Hightower Advisors, LLC downsized its investment by shedding 1,248 shares a decrease of 3.0% as of 03/31/2017. Hightower Advisors, LLC owns 40,409 shares with a value of $383,000. The value of the position overall is down by 13.5%.
State Street Corp bolstered its ownership by buying 37,462 shares an increase of 4.6%. State Street Corp now controls 855,989 shares worth $8,088,000. The total value of its holdings decreased 7.6%. As of quarter end Two Sigma Investments, Lp had disposed of 106,120 shares trimming its stake by 26.1%. The value of the investment in (DAKT) went from $4,353,000 to $2,842,000 a change of $1,511,000 quarter over quarter.
On September 23 the stock rating was upgraded to “Buy” from “Hold” by analysts at Needham.
The company is so far trading up from yesterday’s close of $9.82. Additionally the company recently declared a dividend to be paid on Friday June 23rd, 2017. The dividend payment will be $0.070 per share for the quarter which is $0.28 annualized. This dividend amount will represent a yeild of $2.85. The ex-dividend date is set for Friday the 9th of June 2017.
Shares last traded at $9.86 which is just a bit higher than $9.42, the stock’s 50 day moving average and a tad above the 200 day moving average of $9.80. The 50 day moving average was up $0.44 whereas the 200 day average was up by +0.63%.
The company’s P/E ratio is 42.87 and the market cap is 435.64M. In the last earnings report the EPS was $0.23 and is expected to be $0.36 for the current year with 44,183,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.19 and the next full year EPS is projected to be $0.42.
Traders are more bullish on shares of the company considering the motion in short interest. The stock recorded a fall in short interest of -1.95% as of the latest report on April 28, 2017. Short shares decreased from 1,939,371 to 1,901,533 over that period. Days to cover decreased from 17.7 to 14.9 and the percentage of shorted shares is 0.04% as of April 28.