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Singular Research, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. For 2021, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 376 and 1,696 basis points, respectively. Since Singular's 2004 inception, the Singular coverage list has respectively outperformed the S&P 500 and Russell 2000 by an annualized 405 and 427 basis points. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
Singular Research, in its Q4 2021 investor letter, mentioned Daktronics, Inc. (NASDAQ:DAKT) and discussed its stance on the firm. Founded in 1968, Daktronics, Inc. (NASDAQ:DAKT) is a Brookings, South Dakota-based electronics company with a $172.3 million market capitalization, and is currently spearheaded by its CEO, Reece A. Kurtenbach. Daktronics, Inc. (NASDAQ:DAKT) delivered a -24.95% return since the beginning of the year, while its 12-month returns are down by -39.94%. The stock closed at $3.79 per share on April 08, 2022.
Here is what Singular Research has to say about Daktronics, Inc. (NASDAQ:DAKT) in its Q4 2021 investor letter:
"In December, global markets recovered from November's omicron scare as Covid worries dissipated given the fact that the new variant has not been as severe or vaccine-resistant as previously anticipated. For the month, we initiated coverage on Daktronics, Inc. (NASDAQ:DAKT). DAKT is the world's leading supplier of electronic scoreboards, large electronic display systems, and digital messaging solutions for use in sports, transportation, and communication."
Our calculations show that Daktronics, Inc. (NASDAQ:DAKT) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Daktronics, Inc. (NASDAQ:DAKT) was in 18 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 15 funds in the previous quarter. Daktronics, Inc. (NASDAQ:DAKT) delivered a -25.69% return in the past 3 months.
In May 2021, we published an article that includes Daktronics, Inc. (NASDAQ:DAKT) in the 5 Best Sporting Goods Stocks to Buy. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.
Disclosure: None. This article is originally published at Insider Monkey.