Daktronics (NASDAQ:DAKT) Raised to Hold at BidaskClub
A number of other equities analysts have also issued reports on the company. TheStreet lowered Daktronics from a b- rating to a c rating in a report on Thursday, February 21st. Singular Research reaffirmed a buy rating on shares of Daktronics in a report on Monday, March 4th.
NASDAQ DAKT opened at $6.11 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.30 and a current ratio of 1.89. Daktronics has a 52-week low of $5.85 and a 52-week high of $9.14. The stock has a market cap of $280.41 million, a P/E ratio of -305.50 and a beta of 1.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 32.73%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from Daktronics’s previous quarterly dividend of $0.07. Daktronics’s payout ratio is currently -1,000.00%.
In other Daktronics news, Chairman Reece A. Kurtenbach sold 10,000 shares of Daktronics stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $6.01, for a total value of $60,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 8.20% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in DAKT. Everence Capital Management Inc. purchased a new stake in Daktronics in the first quarter worth approximately $154,000. Vanguard Group Inc. boosted its stake in Daktronics by 11.5% in the third quarter. Vanguard Group Inc. now owns 2,770,289 shares of the technology company’s stock worth $21,719,000 after buying an additional 285,447 shares in the last quarter. Alambic Investment Management L.P. purchased a new stake in Daktronics in the fourth quarter worth approximately $1,259,000. First Personal Financial Services boosted its stake in Daktronics by 23.0% in the first quarter. First Personal Financial Services now owns 205,526 shares of the technology company’s stock worth $1,531,000 after buying an additional 38,390 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund purchased a new stake in Daktronics in the fourth quarter worth approximately $111,000. 57.91% of the stock is currently owned by institutional investors.
Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.
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