GSA Capital Partners LLP Sells 72,820 Shares of LSI Industries Inc. (LYTS)

GSA Capital Partners LLP lowered its stake in LSI Industries Inc. (NASDAQ:LYTS) by 65.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,315 shares of the construction company’s stock after selling 72,820 shares during the quarter. GSA Capital Partners LLP owned approximately 0.15% of LSI Industries worth $347,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Genesee Valley Trust Co. bought a new position in LSI Industries in the 2nd quarter worth about $103,000. American International Group Inc. boosted its stake in LSI Industries by 7.0% in the 1st quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after purchasing an additional 963 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in LSI Industries by 19.9% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after purchasing an additional 2,645 shares during the period. UBS Group AG boosted its stake in LSI Industries by 5.6% in the 1st quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after purchasing an additional 890 shares during the period. Finally, Alliancebernstein L.P. bought a new position in LSI Industries in the 2nd quarter worth about $152,000. Institutional investors and hedge funds own 77.75% of the company’s stock.

Several brokerages have commented on LYTS. Roth Capital set a $6.00 target price on LSI Industries and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Wednesday, October 4th. TheStreet downgraded LSI Industries from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. Finally, Canaccord Genuity restated a “buy” rating and issued a $9.00 target price on shares of LSI Industries in a research note on Monday, August 7th.

LSI Industries Inc. (NASDAQ:LYTS) opened at 6.22 on Monday. The company’s 50 day moving average price is $6.35 and its 200-day moving average price is $7.96. LSI Industries Inc. has a one year low of $4.99 and a one year high of $11.00. The stock has a market capitalization of $158.65 million, a PE ratio of 52.71 and a beta of 1.64.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, August 17th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $83.42 million during the quarter, compared to the consensus estimate of $86.55 million. LSI Industries had a net margin of 0.91% and a return on equity of 3.14%. LSI Industries’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. Analysts expect that LSI Industries Inc. will post $0.20 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/16/gsa-capital-partners-llp-sells-72820-shares-of-lsi-industries-inc-lyts.html.

In other news, VP Howard E. Japlon acquired 10,000 shares of LSI Industries stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $5.90 per share, for a total transaction of $59,000.00. Following the acquisition, the vice president now directly owns 18,500 shares of the company’s stock, valued at approximately $109,150. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James E. Galeese acquired 9,025 shares of LSI Industries stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $5.53 per share, for a total transaction of $49,908.25. Following the completion of the acquisition, the vice president now directly owns 824 shares in the company, valued at $4,556.72. The disclosure for this purchase can

Other hedge funds and other institutional investors also recently modified their holdings of the company. Genesee Valley Trust Co. bought a new position in LSI Industries in the 2nd quarter worth about $103,000. American International Group Inc. boosted its stake in LSI Industries by 7.0% in the 1st quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after purchasing an additional 963 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in LSI Industries by 19.9% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after purchasing an additional 2,645 shares during the period. UBS Group AG boosted its stake in LSI Industries by 5.6% in the 1st quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after purchasing an additional 890 shares during the period. Finally, Alliancebernstein L.P. bought a new position in LSI Industries in the 2nd quarter worth about $152,000. Institutional investors and hedge funds own 77.75% of the company’s stock.

Several brokerages have commented on LYTS. Roth Capital set a $6.00 target price on LSI Industries and gave the stock a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research upgraded LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Wednesday, October 4th. TheStreet downgraded LSI Industries from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. Finally, Canaccord Genuity restated a “buy” rating and issued a $9.00 target price on shares of LSI Industries in a research note on Monday, August 7th.

LSI Industries Inc. (NASDAQ:LYTS) opened at 6.22 on Monday. The company’s 50 day moving average price is $6.35 and its 200-day moving average price is $7.96. LSI Industries Inc. has a one year low of $4.99 and a one year high of $11.00. The stock has a market capitalization of $158.65 million, a PE ratio of 52.71 and a beta of 1.64.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, August 17th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $83.42 million during the quarter, compared to the consensus estimate of $86.55 million. LSI Industries had a net margin of 0.91% and a return on equity of 3.14%. LSI Industries’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. Analysts expect that LSI Industries Inc. will post $0.20 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/16/gsa-capital-partners-llp-sells-72820-shares-of-lsi-industries-inc-lyts.html.

In other news, VP Howard E. Japlon acquired 10,000 shares of LSI Industries stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $5.90 per share, for a total transaction of $59,000.00. Following the acquisition, the vice president now directly owns 18,500 shares of the company’s stock, valued at approximately $109,150. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James E. Galeese acquired 9,025 shares of LSI Industries stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $5.53 per share, for a total transaction of $49,908.25. Following the completion of the acquisition, the vice president now directly owns 824 shares in the company, valued at $4,556.72. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 42,525 shares of company stock worth $249,675. Company insiders own 6.37% of the company’s stock.

About LSI Industries

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.

Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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