LSI Industries Inc. (NASDAQ:LYTS – Get Rating) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 81,900 shares, a growth of 29.4% from the August 15th total of 63,300 shares. Based on an average trading volume of 62,500 shares, the short-interest ratio is currently 1.3 days. Currently, 0.4% of the shares of the company are sold short.
LSI Industries Stock Performance
NASDAQ:LYTS opened at $7.85 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.07 and a current ratio of 2.13. The company has a fifty day moving average of $6.95 and a two-hundred day moving average of $6.58. The stock has a market capitalization of $211.05 million, a PE ratio of 14.81 and a beta of 1.12. LSI Industries has a fifty-two week low of $5.41 and a fifty-two week high of $8.93.
Get LSI Industries alerts:LSI Industries (NASDAQ:LYTS – Get Rating) last issued its earnings results 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 net margin of 3.30% and a return on equity of 11.85%. During the same period in the previous year, the business earned $0.10 earnings per share. As a group, research analysts forecast that LSI Industries will post 0.69 earnings per share for the current fiscal year.
LSI Industries Dividend Announcement
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Friday, August 26th. LSI Industries's dividend payout ratio (DPR) is 37.74%.Insider Activity
In other news, CFO James E. Galeese sold 14,130 shares of the company's stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $8.60, for a total value of $121,518.00. Following the sale, the chief financial officer now directly owns 87,463 shares of the company's stock, valued at approximately $752,181.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other LSI Industries news, CFO James E. Galeese sold 14,130 shares of the company's stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $8.60, for a total transaction of $121,518.00. Following the completion of the transaction, the chief financial officer now directly owns 87,463 shares in the company, valued at $752,181.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffery S. Bastian sold 6,961 shares of the company's stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $8.60, for a total transaction of $59,864.60. Following the transaction, the chief accounting officer now owns 37,411 shares of the company's stock, valued at $321,734.60. The disclosure for this sale can be found here. Insiders own 4.90% of the company's stock.
Institutional Investors Weigh In On LSI Industries
Hedge funds have recently modified their holdings of the business. WealthTrust Axiom LLC raised its position in shares of LSI Industries by 5.2% in the first quarter. WealthTrust Axiom LLC now owns 883,191 shares of the construction company's stock valued at $5,299,000 after buying an additional 43,520 shares during the last quarter. Bartlett & Co. LLC purchased a new stake in shares of LSI Industries in the fourth quarter valued at about $180,000. Essex Investment Management Co. LLC grew its holdings in shares of LSI Industries by 4.9% in the first quarter. Essex Investment Management Co. LLC now owns 269,010 shares of the construction company's stock valued at $1,614,000 after purchasing an additional 12,575 shares during the period. Bailard Inc. purchased a new stake in shares of LSI Industries in the first quarter valued at about $254,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of LSI Industries by 18.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,907 shares of the construction company's stock valued at $275,000 after purchasing an additional 7,145 shares during the period. 61.45% of the stock is currently owned by institutional investors and hedge funds.
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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