North Star Investment Management Corp. grew its position in LSI Industries Inc. (NASDAQ:LYTS – Get Rating) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 443,012 shares of the construction company's stock after purchasing an additional 8,359 shares during the period. North Star Investment Management Corp.'s holdings in LSI Industries were worth $2,733,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in LYTS. Truepoint Inc. purchased a new stake in LSI Industries in the first quarter valued at $116,000. Jane Street Group LLC purchased a new stake in LSI Industries in the 1st quarter valued at about $131,000. Healthcare of Ontario Pension Plan Trust Fund lifted its position in LSI Industries by 9.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 23,887 shares of the construction company's stock valued at $143,000 after buying an additional 2,137 shares during the last quarter. Bartlett & Co. LLC purchased a new position in LSI Industries during the fourth quarter worth about $180,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of LSI Industries during the first quarter valued at about $187,000. Institutional investors and hedge funds own 61.45% of the company's stock.
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In related news, CAO Jeffery S. Bastian sold 6,961 shares of the company's stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $8.60, for a total transaction of $59,864.60. Following the sale, the chief accounting officer now directly owns 37,411 shares in the company, valued at $321,734.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other LSI Industries news, CAO Jeffery S. Bastian sold 6,961 shares of the firm's 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 sale, the chief accounting officer now directly owns 37,411 shares in the company, valued at $321,734.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James E. Galeese sold 4,865 shares of the company's stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $8.30, for a total value of $40,379.50. Following the transaction, the chief financial officer now directly owns 107,365 shares of the company's stock, valued at $891,129.50. The disclosure for this sale can be found here. Insiders have sold 28,568 shares of company stock valued at $243,442 in the last quarter. Corporate insiders own 7.30% of the company's stock.
LSI Industries Trading Up 0.7 %
NASDAQ LYTS traded up $0.05 on Tuesday, reaching $7.25. The stock had a trading volume of 105,316 shares, compared to its average volume of 96,637. The firm has a market capitalization of $194.88 million, a price-to-earnings ratio of 13.68 and a beta of 1.12. LSI Industries Inc. has a 12-month low of $5.41 and a 12-month high of $8.93. The company has a quick ratio of 1.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average price of $7.13 and a two-hundred day moving average price of $6.61.LSI Industries (NASDAQ:LYTS – Get Rating) last released its earnings results on Thursday, August 18th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping 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 quarter last year, the firm posted $0.10 EPS. As a group, sell-side analysts forecast that LSI Industries Inc. will post 0.69 EPS for the current fiscal year.
LSI Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 29th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, August 26th. This represents a $0.20 annualized dividend and a yield of 2.76%. LSI Industries's dividend payout ratio (DPR) is 37.74%.
LSI Industries Profile
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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.
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