LSI Industries Inc. (NASDAQ:LYTS) VP James E. Galeese acquired 7,641 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was acquired at an average cost of $6.54 per share, with a total value of $49,972.14. Following the acquisition, the vice president now directly owns 2,379 shares in the company, valued at $15,558.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
LSI Industries Inc. (NASDAQ:LYTS) traded up $0.30 during mid-day trading on Friday, reaching $7.21. 171,272 shares of the company were exchanged, compared to its average volume of 74,553. The firm has a market cap of $185.96, a PE ratio of 36.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.68. LSI Industries Inc. has a twelve month low of $4.99 and a twelve month high of $10.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 2.64.
LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $87.47 million during the quarter, compared to analysts’ expectations of $82.45 million. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. analysts predict that LSI Industries Inc. will post 0.19 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Systematic Financial Management LP bought a new stake in LSI Industries during the 2nd quarter worth approximately $5,914,000. Deprince Race & Zollo Inc. grew its holdings in LSI Industries by 34.8% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,305,743 shares of the construction company’s stock worth $8,631,000 after acquiring an additional 337,188 shares during the last quarter. Cove Street Capital LLC grew its holdings in LSI Industries by 66.7% during the 2nd quarter. Cove Street Capital LLC now owns 250,000 shares of the construction company’s stock worth $2,262,000 after acquiring an additional 100,000 shares during the last quarter. Chartwell Investment Partners LLC grew its holdings in LSI Industries by 6.4% during the 2nd quarter. Chartwell Investment Partners LLC now owns 1,561,283 shares of the construction company’s stock worth $14,130,000 after acquiring an additional 94,298 shares during the last quarter. Finally, First Personal Financial Services grew its holdings in LSI Industries by 82.7% during the 3rd quarter. First Personal Financial Services now owns 158,299 shares of the construction company’s stock worth $1,046,000 after acquiring an additional 71,665 shares during the last quarter. Institutional investors and hedge funds own 73.18% of the company’s stock.
Several equities analysts have recently commented on the stock. Roth Capital set a $7.00 target price on shares of LSI Industries and gave the company a “hold” rating in a research report on Thursday. Zacks Investment Research cut shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, Canaccord Genuity restated a “buy” rating and issued a $9.00 target price on shares of LSI Industries in a research report on Thursday, October 26th.
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About LSI Industries
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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