LSI Industries Inc. (NASDAQ:LYTS – Get Rating) CAO Jeffery S. Bastian sold 6,961 shares of the stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 37,411 shares of the company's stock, valued at approximately $321,734.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
LSI Industries Trading Down 4.2 %
Shares of LYTS stock opened at $7.85 on Friday. LSI Industries Inc. has a fifty-two week low of $5.41 and a fifty-two week high of $8.93. The stock has a market cap of $211.01 million, a P/E ratio of 14.81 and a beta of 1.12. The business has a fifty day simple moving average of $6.95 and a 200-day simple moving average of $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 posted its quarterly earnings data on Thursday, August 18th. The construction company reported $0.21 EPS for the quarter, beating analysts' consensus estimates 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 company earned $0.10 EPS. On average, analysts forecast that LSI Industries Inc. will post 0.69 earnings per share for the current fiscal year.
LSI Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 29th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, August 26th. LSI Industries's payout ratio is currently 37.74%.
Institutional Trading of LSI Industries
A number of large investors have recently made changes to their positions in LYTS. Victory Capital Management Inc. boosted its stake in shares of LSI Industries by 15.2% during the fourth quarter. Victory Capital Management Inc. now owns 11,548 shares of the construction company's stock valued at $79,000 after acquiring an additional 1,526 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of LSI Industries by 12.3% during the fourth quarter. First Trust Advisors LP now owns 230,141 shares of the construction company's stock valued at $1,579,000 after acquiring an additional 25,251 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of LSI Industries by 36.4% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,762 shares of the construction company's stock valued at $266,000 after acquiring an additional 10,345 shares during the last quarter. Archon Capital Management LLC boosted its stake in LSI Industries by 48.5% in the 4th quarter. Archon Capital Management LLC now owns 503,151 shares of the construction company's stock worth $3,452,000 after buying an additional 164,432 shares during the last quarter. Finally, Systematic Financial Management LP boosted its stake in LSI Industries by 0.6% in the 4th quarter. Systematic Financial Management LP now owns 2,044,767 shares of the construction company's stock worth $14,027,000 after buying an additional 12,196 shares during the last quarter. Institutional investors and hedge funds own 61.45% of the company's stock.
LSI Industries Company Profile
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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.
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