Mondrian Investment Partners LTD Has $3,273,000 Position in Daktronics, Inc. (DAKT)
Mondrian Investment Partners LTD continued to hold its stake in Daktronics, Inc. (NASDAQ:DAKT) during the second quarter, Holdings Channel reports. The firm owned 339,889 shares of the technology company’s stock at the end of the second quarter. Mondrian Investment Partners LTD’s holdings in Daktronics were worth $3,273,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of DAKT. Denver Investment Advisors LLC purchased a new position in shares of Daktronics during the first quarter worth $103,000. Highbridge Capital Management LLC purchased a new position in shares of Daktronics during the first quarter worth $108,000. OLD National Bancorp IN boosted its position in shares of Daktronics by 15.8% in the first quarter. OLD National Bancorp IN now owns 11,783 shares of the technology company’s stock worth $111,000 after buying an additional 1,608 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of Daktronics during the first quarter worth $114,000. Finally, Investment Centers of America Inc. boosted its position in shares of Daktronics by 16.1% in the first quarter. Investment Centers of America Inc. now owns 13,582 shares of the technology company’s stock worth $129,000 after buying an additional 1,880 shares during the last quarter. Institutional investors and hedge funds own 51.25% of the company’s stock.
Daktronics, Inc. (NASDAQ:DAKT) opened at 9.40 on Friday. The company has a 50-day moving average price of $9.63 and a 200-day moving average price of $9.55. Daktronics, Inc. has a one year low of $6.83 and a one year high of $11.12. The firm has a market cap of $415.32 million, a PE ratio of 40.87 and a beta of 1.30.
Daktronics (NASDAQ:DAKT) last posted its quarterly earnings results on Wednesday, May 31st. The technology company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.04. Daktronics had a return on equity of 5.14% and a net margin of 1.76%. The business had revenue of $143.70 million during the quarter, compared to the consensus estimate of $141.50 million. During the same quarter in the previous year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities analysts predict that Daktronics, Inc. will post $0.36 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Mondrian Investment Partners LTD Has $3,273,000 Position in Daktronics, Inc. (DAKT)” was reported by Watch List News and is owned by of Watch List News. If you are reading this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/mondrian-investment-partners-ltd-has-3273000-position-in-daktronics-inc-dakt/1477990.html.
A number of research analysts recently weighed in on the company. BidaskClub cut Daktronics from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Investment Research upgraded Daktronics from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Daktronics has an average rating of “Hold” and a consensus target price of $12.17.
In other Daktronics news, Director John L. Mulligan sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $9.83, for a total value of $157,280.00. Following the completion of the transaction, the director now directly owns 72,953 shares in the company, valued at approximately $717,127.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John L. Mulligan sold 37,307 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $13.20, for a total value of $492,452.40. Following the completion of the transaction, the director now owns 67,182 shares of the company’s stock, valued at $886,802.40. The disclosure for this sale can be found here. Insiders sold a total of 67,661 shares of company stock valued at $791,626 over the last 90 days. 8.20% of the stock is currently owned by corporate insiders.
Daktronics Company Profile
Daktronics, Inc 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.
Want to see what other hedge funds are holding DAKT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Daktronics, Inc. (NASDAQ:DAKT).
Receive News & Ratings for Daktronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daktronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.