First PREMIER Bank Has $633,000 Stock Holdings in Daktronics, Inc. (NASDAQ:DAKT)

First PREMIER Bank trimmed its position in Daktronics, Inc. (NASDAQ:DAKT) by 5.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,380 shares of the technology company’s stock after selling 2,500 shares during the quarter. First PREMIER Bank owned approximately 0.10% of Daktronics worth $633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC raised its holdings in Daktronics by 31.4% in the 2nd quarter. CWM LLC now owns 3,646 shares of the technology company’s stock valued at $51,000 after acquiring an additional 872 shares during the period. Hexagon Capital Partners LLC raised its holdings in Daktronics by 150.0% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock valued at $56,000 after acquiring an additional 2,400 shares during the period. New York State Teachers Retirement System bought a new position in Daktronics in the 1st quarter valued at about $34,000. Watershed Asset Management L.L.C. raised its holdings in Daktronics by 12.7% in the 4th quarter. Watershed Asset Management L.L.C. now owns 32,326 shares of the technology company’s stock valued at $274,000 after acquiring an additional 3,655 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Daktronics by 26.9% in the 4th quarter. SG Americas Securities LLC now owns 20,815 shares of the technology company’s stock valued at $177,000 after acquiring an additional 4,416 shares during the period. 61.69% of the stock is owned by institutional investors.

Daktronics Stock Up 2.1 %

DAKT traded up $0.32 during midday trading on Thursday, hitting $15.36. The company had a trading volume of 405,916 shares, compared to its average volume of 518,687. Daktronics, Inc. has a 52 week low of $7.20 and a 52 week high of $15.72. The company has a quick ratio of 1.37, a current ratio of 2.09 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $711.11 million, a price-to-earnings ratio of 25.18, a PEG ratio of 0.43 and a beta of 1.12. The stock’s 50 day moving average price is $13.37 and its 200 day moving average price is $10.84.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings data on Wednesday, June 26th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.13. The firm had revenue of $215.88 million during the quarter, compared to analysts’ expectations of $179.28 million. Daktronics had a net margin of 4.23% and a return on equity of 25.55%. On average, research analysts anticipate that Daktronics, Inc. will post 1.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Daktronics news, VP Matthew John Kurtenbach sold 2,000 shares of the business’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $14.96, for a total value of $29,920.00. Following the transaction, the vice president now directly owns 208,906 shares in the company, valued at $3,125,233.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, VP Matthew John Kurtenbach sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $14.96, for a total value of $29,920.00. Following the sale, the vice president now owns 208,906 shares of the company’s stock, valued at $3,125,233.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Reece A. Kurtenbach sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $13.87, for a total transaction of $208,050.00. Following the completion of the sale, the chief executive officer now directly owns 457,963 shares in the company, valued at approximately $6,351,946.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,811 shares of company stock worth $692,532. 8.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Daktronics from a “buy” rating to a “hold” rating in a report on Tuesday, July 16th.

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.