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.
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