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.
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.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by WKRB News and is the property of of WKRB News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.wkrb13.com/2019/06/05/4000-shares-in-daktronics-inc-dakt-purchased-by-bremer-bank-national-association.html.
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.
Featured Story: What is the Dividend Aristocrat Index?
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daktronics and related companies with MarketBeat.com's FREE daily email newsletter.