Anthracite Investment Company Inc. Has $4.81 Million Holdings in Daktronics, Inc. (NASDAQ:DAKT)

Anthracite Investment Company Inc. grew its position in Daktronics, Inc. (NASDAQ:DAKT) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 285,223 shares of the technology company’s stock after buying an additional 34,205 shares during the quarter. Daktronics makes up approximately 1.7% of Anthracite Investment Company Inc.’s portfolio, making the stock its 13th largest position. Anthracite Investment Company Inc. owned approximately 0.61% of Daktronics worth $4,809,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Daktronics by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,450,964 shares of the technology company’s stock worth $41,323,000 after purchasing an additional 11,099 shares during the period. LPL Financial LLC boosted its position in shares of Daktronics by 1,589.2% in the fourth quarter. LPL Financial LLC now owns 323,204 shares of the technology company’s stock worth $5,449,000 after buying an additional 304,071 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Daktronics during the fourth quarter valued at $169,000. KLP Kapitalforvaltning AS purchased a new position in shares of Daktronics during the fourth quarter valued at $125,000. Finally, American Century Companies Inc. raised its position in Daktronics by 11.3% during the fourth quarter. American Century Companies Inc. now owns 1,388,284 shares of the technology company’s stock valued at $23,406,000 after buying an additional 140,482 shares during the period. 61.69% of the stock is owned by hedge funds and other institutional investors.

Daktronics Trading Down 2.8 %

Shares of NASDAQ:DAKT opened at $12.71 on Wednesday. The firm has a fifty day moving average of $15.13 and a two-hundred day moving average of $14.92. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.40. Daktronics, Inc. has a 12-month low of $8.81 and a 12-month high of $19.89. The firm has a market capitalization of $634.14 million, a P/E ratio of 50.84, a price-to-earnings-growth ratio of 0.57 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum assumed coverage on Daktronics in a research report on Wednesday, January 22nd. They set a “buy” rating and a $26.00 price objective for the company.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays 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.