LSI Industries, Inc. (NASDAQ:LYTS) Director Gary P. Kreider sold 11,352 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $4.53, for a total transaction of $51,424.56. Following the completion of the transaction, the director now owns 26,529 shares of the company’s stock, valued at $120,176.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ LYTS traded down $0.02 during mid-day trading on Friday, reaching $4.44. The stock had a trading volume of 213,017 shares, compared to its average volume of 85,223. LSI Industries, Inc. has a 1 year low of $3.98 and a 1 year high of $8.88. The firm has a market cap of $118.81 million, a P/E ratio of 20.18, a PEG ratio of 0.65 and a beta of 1.35. The company has a quick ratio of 1.40, a current ratio of 2.61 and a debt-to-equity ratio of 0.33.
LSI Industries (NASDAQ:LYTS) last announced its earnings results on Tuesday, November 6th. The construction company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The company had revenue of $84.96 million for the quarter, compared to analysts’ expectations of $90.00 million. LSI Industries had a negative net margin of 0.64% and a positive return on equity of 4.38%. As a group, equities analysts expect that LSI Industries, Inc. will post 0.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Friday, November 16th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, November 15th. This represents a $0.20 dividend on an annualized basis and a yield of 4.50%. LSI Industries’s dividend payout ratio is presently 90.91%.
A number of equities analysts recently weighed in on LYTS shares. Roth Capital upgraded shares of LSI Industries from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Thursday, August 16th. TheStreet lowered shares of LSI Industries from a “c-” rating to a “d+” rating in a report on Wednesday, August 15th. Finally, Zacks Investment Research lowered shares of LSI Industries from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. LSI Industries currently has an average rating of “Buy” and a consensus price target of $10.76.
A number of institutional investors and hedge funds have recently made changes to their positions in LYTS. BlackRock Inc. raised its stake in LSI Industries by 6.7% during the 1st quarter. BlackRock Inc. now owns 1,816,296 shares of the construction company’s stock valued at $14,729,000 after buying an additional 113,931 shares during the last quarter. JPMorgan Chase & Co. raised its stake in LSI Industries by 15.2% during the 1st quarter. JPMorgan Chase & Co. now owns 117,102 shares of the construction company’s stock valued at $949,000 after buying an additional 15,421 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in LSI Industries by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,992,105 shares of the construction company’s stock valued at $16,156,000 after buying an additional 85,541 shares during the last quarter. North Star Investment Management Corp. raised its stake in LSI Industries by 6.5% during the 2nd quarter. North Star Investment Management Corp. now owns 418,536 shares of the construction company’s stock valued at $2,235,000 after buying an additional 25,709 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in LSI Industries by 195.6% during the 2nd quarter. Acadian Asset Management LLC now owns 123,268 shares of the construction company’s stock valued at $658,000 after buying an additional 81,567 shares during the last quarter. Institutional investors and hedge funds own 70.06% of the company’s stock.
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About LSI Industries
LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.
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