4,000 Shares in Daktronics, Inc. (DAKT) Purchased by Bremer Bank National Association

Bremer Bank National Association bought a new stake in Daktronics, Inc. (NASDAQ:DAKT) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 4,000 shares of the technology company’s stock, valued at approximately $30,000.

Several other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System increased its holdings in Daktronics by 2.7% during the 1st quarter. California State Teachers Retirement System now owns 56,502 shares of the technology company’s stock valued at $421,000 after purchasing an additional 1,469 shares during the period. Acadian Asset Management LLC purchased a new position in Daktronics during the 1st quarter valued at about $169,000. Everence Capital Management Inc. purchased a new position in Daktronics during the 1st quarter valued at about $154,000. Systematic Financial Management LP increased its holdings in Daktronics by 47.2% during the 1st quarter. Systematic Financial Management LP now owns 187,150 shares of the technology company’s stock valued at $1,394,000 after purchasing an additional 60,000 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in Daktronics by 58.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 49,045 shares of the technology company’s stock valued at $365,000 after purchasing an additional 18,096 shares during the period. Institutional investors own 57.91% of the company’s stock.

Shares of NASDAQ:DAKT opened at $6.20 on Wednesday. Daktronics, Inc. has a 1 year low of $6.10 and a 1 year high of $9.14. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.89 and a quick ratio of 1.30.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Wednesday, May 29th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.15). Daktronics had a negative net margin of 0.17% and a negative return on equity of 0.48%. The business had revenue of $127.76 million for the quarter, compared to analysts’ expectations of $145.16 million. During the same quarter in the prior year, the firm earned ($0.09) EPS. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, sell-side analysts expect that Daktronics, Inc. will post 0.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.50 per share. This is an increase from Daktronics’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 32.26%. Daktronics’s dividend payout ratio is -1,400.00%.

DAKT has been the topic of a number of research analyst reports. BidaskClub downgraded Daktronics from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Singular Research restated a “buy” rating on shares of Daktronics in a report on Monday, March 4th. Finally, TheStreet downgraded Daktronics from a “b-” rating to a “c” rating in a report on Thursday, February 21st.

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Daktronics Profile

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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Institutional Ownership by Quarter for Daktronics (NASDAQ:DAKT)

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