LSI Industries Inc. (LYTS) VP James E. Galeese Buys 7,641 Shares

LSI Industries Inc. (NASDAQ:LYTS) VP James E. Galeese purchased 7,641 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were bought at an average price of $6.54 per share, with a total value of $49,972.14. Following the purchase, the vice president now owns 2,379 shares in the company, valued at approximately $15,558.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

LSI Industries Inc. (NASDAQ:LYTS) traded down $0.05 on Friday, hitting $6.53. The stock had a trading volume of 86,623 shares, compared to its average volume of 60,169. LSI Industries Inc. has a 52 week low of $4.99 and a 52 week high of $10.68. The company has a market cap of $169.71, a P/E ratio of 32.90, a PEG ratio of 1.32 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.45 and a current ratio of 2.64.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, October 26th. The construction company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.03. LSI Industries had a positive return on equity of 3.27% and a negative net margin of 4.02%. The firm had revenue of $87.47 million during the quarter, compared to the consensus estimate of $82.45 million. During the same quarter in the prior year, the company earned $0.06 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. research analysts predict that LSI Industries Inc. will post 0.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.20 annualized dividend and a yield of 3.06%. LSI Industries’s payout ratio is -38.46%.

A number of large investors have recently made changes to their positions in LYTS. Systematic Financial Management LP bought a new stake in LSI Industries during the 2nd quarter valued at approximately $5,914,000. Deprince Race & Zollo Inc. boosted its stake in LSI Industries by 34.8% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 1,305,743 shares of the construction company’s stock valued at $8,631,000 after purchasing an additional 337,188 shares during the period. Cove Street Capital LLC boosted its stake 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 purchasing an additional 100,000 shares during the period. Chartwell Investment Partners LLC boosted its stake in LSI Industries by 6.4% during the 2nd quarter. Chartwell Investment Partners LLC now owns 1,561,283 shares of the construction company’s stock valued at $14,130,000 after purchasing an additional 94,298 shares during the period. Finally, First Personal Financial Services boosted its stake in LSI Industries by 82.7% during the 3rd quarter. First Personal Financial Services now owns 158,299 shares of the construction company’s stock valued at $1,046,000 after purchasing an additional 71,665 shares during the period. Hedge funds and other institutional investors own 73.18% of the company’s stock.

Several research firms have recently issued reports on LYTS. Zacks Investment Research upgraded LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 price target for the company in a research note on Wednesday, October 4th. Roth Capital set a $6.00 price target on LSI Industries and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $9.00 price target on shares of LSI Industries in a research note on Thursday, October 26th.

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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.

Insider Buying and Selling by Quarter for LSI Industries (NASDAQ:LYTS)

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