LSI Industries Inc. (NASDAQ:LYTS – Get Rating) CAO Jeffery S. Bastian sold 6,961 shares of LSI Industries stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $8.60, for a total value of $59,864.60. Following the transaction, the chief accounting officer now directly owns 37,411 shares in the company, valued at approximately $321,734.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
LSI Industries Trading Down 4.2 %
LYTS opened at $7.85 on Friday. The firm has a market cap of $211.05 million, a price-to-earnings ratio of 14.81 and a beta of 1.12. LSI Industries Inc. has a 52 week low of $5.41 and a 52 week high of $8.93. The business's 50 day moving average is $6.95 and its two-hundred day moving average is $6.58. The company has a quick ratio of 1.07, a current ratio of 2.13 and a debt-to-equity ratio of 0.52.
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LSI Industries (NASDAQ:LYTS – Get Rating) last released its quarterly earnings results on Thursday, August 18th. The construction company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.12 by $0.09. LSI Industries had a return on equity of 11.85% and a net margin of 3.30%. During the same quarter last year, the business earned $0.10 EPS. On average, research analysts predict that LSI Industries Inc. will post 0.69 EPS for the current year.
LSI Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 29th were paid a $0.05 dividend. The ex-dividend date was Friday, August 26th. This represents a $0.20 annualized dividend and a dividend yield of 2.55%. LSI Industries's dividend payout ratio (DPR) is currently 37.74%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in shares of LSI Industries by 15.2% in the 4th quarter. Victory Capital Management Inc. now owns 11,548 shares of the construction company's stock valued at $79,000 after purchasing an additional 1,526 shares during the last quarter. Corton Capital Inc. purchased a new position in shares of LSI Industries in the 2nd quarter valued at approximately $78,000. Delphia USA Inc. purchased a new position in shares of LSI Industries in the 2nd quarter valued at approximately $85,000. Truepoint Inc. purchased a new stake in shares of LSI Industries in the first quarter valued at approximately $116,000. Finally, Jane Street Group LLC purchased a new stake in shares of LSI Industries in the first quarter valued at approximately $131,000. 61.45% of the stock is currently owned by hedge funds and other institutional investors.
About LSI Industries
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LSI Industries Inc manufactures and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates in two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting solutions.
Further Reading
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