LSI Industries Inc. (NASDAQ:LYTS) VP Howard E. Japlon acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $5.90 per share, with a total value of $59,000.00. Following the completion of the acquisition, the vice president now directly owns 18,500 shares of the company’s stock, valued at $109,150. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
LSI Industries Inc. (NASDAQ:LYTS) traded up 3.83% during mid-day trading on Monday, hitting $6.77. The company had a trading volume of 36,650 shares. The company has a market capitalization of $174.02 million, a P/E ratio of 57.37 and a beta of 1.62. The company has a 50-day moving average price of $6.11 and a 200 day moving average price of $8.42. LSI Industries Inc. has a 52-week low of $4.99 and a 52-week high of $11.55.
LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, August 17th. The construction company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). LSI Industries had a net margin of 0.91% and a return on equity of 3.14%. The firm had revenue of $83.42 million for the quarter, compared to analysts’ expectations of $86.55 million. During the same quarter last year, the business earned $0.06 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. On average, analysts forecast that LSI Industries Inc. will post $0.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Monday, August 28th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, August 24th. LSI Industries’s dividend payout ratio (DPR) is 166.68%.
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A number of institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in LSI Industries by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,374 shares of the construction company’s stock valued at $220,000 after acquiring an additional 2,591 shares during the period. State Street Corp boosted its holdings in LSI Industries by 10.3% during the 2nd quarter. State Street Corp now owns 414,532 shares of the construction company’s stock valued at $3,753,000 after acquiring an additional 38,743 shares during the period. Dimensional Fund Advisors LP boosted its holdings in LSI Industries by 3.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,827,862 shares of the construction company’s stock valued at $16,542,000 after acquiring an additional 55,073 shares during the period. Cove Street Capital LLC boosted its holdings in LSI Industries by 66.7% during the 2nd quarter. Cove Street Capital LLC now owns 250,000 shares of the construction company’s stock valued at $2,262,000 after acquiring an additional 100,000 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in LSI Industries by 10.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 39,367 shares of the construction company’s stock valued at $356,000 after acquiring an additional 3,800 shares during the period. Institutional investors own 77.90% of the company’s stock.
Several research firms recently weighed in on LYTS. Zacks Investment Research upgraded LSI Industries from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Roth Capital downgraded LSI Industries from a “buy” rating to a “hold” rating and decreased their price objective for the company from $13.00 to $7.00 in a report on Friday, August 4th. Canaccord Genuity restated a “buy” rating and issued a $9.00 price objective on shares of LSI Industries in a report on Monday, August 7th. Finally, TheStreet downgraded LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th.
LSI Industries Company Profile
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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