Insider Selling: LSI Industries (NASDAQ:LYTS) CFO Sells 6,064 Shares of Stock

by · The Cerbat Gem

LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) CFO James Galeese sold 6,064 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $139,957.12. Following the completion of the transaction, the chief financial officer owned 173,288 shares in the company, valued at $3,999,487.04. The trade was a 3.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

LSI Industries Stock Down 0.0%

Shares of NASDAQ LYTS opened at $22.93 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 2.08. LSI Industries Inc. has a 52 week low of $13.77 and a 52 week high of $25.50. The stock has a market capitalization of $686.09 million, a P/E ratio of 29.03 and a beta of 0.32. The stock’s fifty day moving average is $18.64 and its 200 day moving average is $17.44.

LSI Industries (NASDAQ:LYTS – Get Free Report) last issued its quarterly earnings results on Thursday, August 21st. The construction company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. LSI Industries had a return on equity of 11.25% and a net margin of 4.25%.The company had revenue of $155.07 million for the quarter, compared to analysts’ expectations of $138.89 million. Sell-side analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, September 2nd will be given a $0.05 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.9%. LSI Industries’s dividend payout ratio (DPR) is presently 25.32%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LYTS. Tower Research Capital LLC TRC boosted its stake in shares of LSI Industries by 141.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company’s stock valued at $74,000 after purchasing an additional 2,555 shares in the last quarter. Manatuck Hill Partners LLC boosted its stake in shares of LSI Industries by 40.7% during the second quarter. Manatuck Hill Partners LLC now owns 55,300 shares of the construction company’s stock valued at $941,000 after purchasing an additional 16,000 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of LSI Industries by 22.0% during the second quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock valued at $69,000 after purchasing an additional 736 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of LSI Industries by 29.1% during the second quarter. Bank of America Corp DE now owns 75,108 shares of the construction company’s stock valued at $1,278,000 after purchasing an additional 16,919 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of LSI Industries by 141.3% during the second quarter. Jane Street Group LLC now owns 79,459 shares of the construction company’s stock valued at $1,352,000 after purchasing an additional 46,529 shares in the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LYTS shares. Craig Hallum reaffirmed a “buy” rating and issued a $28.00 price objective on shares of LSI Industries in a research note on Friday, August 22nd. Canaccord Genuity Group boosted their target price on LSI Industries from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, August 25th. Finally, Wall Street Zen raised LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 24th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $27.67.

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LSI Industries Company Profile

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LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through 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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