LSI Industries Inc. (NASDAQ:LYTS – Get Rating) CAO Jeffery S. Bastian sold 2,612 shares of the stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $8.30, for a total transaction of $21,679.60. Following the transaction, the chief accounting officer now directly owns 47,214 shares in the company, valued at $391,876.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
LSI Industries Trading Down 1.7 %
LSI Industries stock opened at $7.72 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.13 and a quick ratio of 1.13. The company has a market capitalization of $207.55 million, a price-to-earnings ratio of 14.57 and a beta of 1.12. LSI Industries Inc. has a one year low of $5.41 and a one year high of $8.93. The company's fifty day moving average price is $6.98 and its two-hundred day moving average price is $6.59.
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LSI Industries (NASDAQ:LYTS – Get Rating) last posted its 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 net margin of 3.30% and a return on equity of 11.85%. During the same quarter in the prior year, the business 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 Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 29th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Friday, August 26th. LSI Industries's dividend payout ratio is currently 37.74%.
Institutional Investors Weigh In On LSI Industries
Several hedge funds and other institutional investors have recently made changes to their positions in LYTS. Archon Capital Management LLC grew its position in shares of LSI Industries by 48.5% in the fourth quarter. Archon Capital Management LLC now owns 503,151 shares of the construction company's stock valued at $3,452,000 after purchasing an additional 164,432 shares during the last quarter. Systematic Financial Management LP grew its position in shares of LSI Industries by 0.6% in the fourth quarter. Systematic Financial Management LP now owns 2,044,767 shares of the construction company's stock valued at $14,027,000 after purchasing an additional 12,196 shares during the last quarter. Bartlett & Co. LLC acquired a new stake in shares of LSI Industries in the fourth quarter valued at about $180,000. Bailard Inc. acquired a new stake in shares of LSI Industries in the first quarter valued at about $254,000. Finally, North Star Investment Management Corp. grew its position in shares of LSI Industries by 90.0% in the first quarter. North Star Investment Management Corp. now owns 434,653 shares of the construction company's stock valued at $2,608,000 after purchasing an additional 205,834 shares during the last quarter. 61.45% of the stock is owned by institutional investors and hedge funds.
About LSI Industries
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LSI Industries Inc produces 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 fixture and control solutions in the commercial and industrial markets.
Further Reading
- Get a free copy of the StockNews.com research report on LSI Industries (LYTS)
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