Daktronics, Inc. (NASDAQ:DAKT) VP Sells $11,912.30 in Stock

Daktronics, Inc. (NASDAQ:DAKT) VP Matthew John Kurtenbach sold 857 shares of Daktronics stock in a transaction on Monday, July 1st. The stock was sold at an average price of $13.90, for a total value of $11,912.30. Following the sale, the vice president now directly owns 208,906 shares of the company’s stock, valued at $2,903,793.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Daktronics Trading Up 2.3 %

NASDAQ:DAKT traded up $0.30 on Wednesday, reaching $13.45. The company’s stock had a trading volume of 402,071 shares, compared to its average volume of 511,867. Daktronics, Inc. has a 1-year low of $5.99 and a 1-year high of $14.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.37 and a current ratio of 2.09. The firm has a market cap of $622.74 million, a PE ratio of 22.05, a PEG ratio of 0.41 and a beta of 1.12. The business’s 50-day moving average price is $11.18 and its two-hundred day moving average price is $9.51.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DAKT. Breach Inlet Capital Management LLC acquired a new position in shares of Daktronics during the fourth quarter worth about $11,508,000. Wealth Enhancement Advisory Services LLC bought a new stake in Daktronics in the first quarter valued at approximately $7,482,000. Progeny 3 Inc. bought a new stake in Daktronics in the first quarter valued at approximately $7,448,000. Intrinsic Edge Capital Management LLC bought a new stake in Daktronics in the fourth quarter valued at approximately $4,240,000. Finally, Anthracite Investment Company Inc. acquired a new position in shares of Daktronics in the fourth quarter valued at approximately $4,069,000. 61.69% of the stock is owned by institutional investors and hedge funds.

About Daktronics

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.