Insider Buying: LSI Industries Inc. (LYTS) VP Purchases 9,025 Shares of Stock
LSI Industries Inc. (NASDAQ:LYTS) VP James E. Galeese acquired 9,025 shares of LSI Industries stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average price of $5.53 per share, with a total value of $49,908.25. Following the completion of the purchase, the vice president now directly owns 824 shares in the company, valued at approximately $4,556.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
LSI Industries Inc. (NASDAQ:LYTS) traded up 0.36% during mid-day trading on Tuesday, hitting $5.64. 152,490 shares of the stock were exchanged. LSI Industries Inc. has a 52 week low of $4.99 and a 52 week high of $11.55. The company has a 50-day moving average of $7.71 and a 200-day moving average of $8.95. The stock has a market capitalization of $144.97 million, a PE ratio of 47.80 and a beta of 1.56.
LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, August 17th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $83.42 million during the quarter, compared to analysts’ expectations of $86.55 million. LSI Industries had a return on equity of 3.15% and a net margin of 0.91%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. On average, equities analysts predict that LSI Industries Inc. will post $0.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th will be paid a $0.05 dividend. The ex-dividend date is Thursday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.56%. LSI Industries’s dividend payout ratio (DPR) is presently 166.68%.
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A number of research analysts recently weighed in on LYTS shares. Canaccord Genuity reiterated a “buy” rating and issued a $9.00 price objective on shares of LSI Industries in a research note on Monday, August 7th. Zacks Investment Research lowered shares of LSI Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. TheStreet lowered shares of LSI Industries from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. Finally, Roth Capital lowered shares of LSI Industries to a “hold” rating and set a $6.00 price objective for the company. in a research note on Thursday, August 17th.
A number of institutional investors have recently bought and sold shares of LYTS. Russell Investments Group Ltd. boosted its position in LSI Industries by 1.7% in the second quarter. Russell Investments Group Ltd. now owns 22,000 shares of the construction company’s stock valued at $200,000 after buying an additional 370 shares during the last quarter. Rhumbline Advisers boosted its position in LSI Industries by 1.5% in the second quarter. Rhumbline Advisers now owns 29,529 shares of the construction company’s stock valued at $267,000 after buying an additional 430 shares during the last quarter. UBS Group AG boosted its position in LSI Industries by 5.6% in the first quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock valued at $168,000 after buying an additional 890 shares during the last quarter. American International Group Inc. boosted its position in LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock valued at $148,000 after buying an additional 963 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in LSI Industries by 4.7% in the first quarter. Bank of America Corp DE now owns 21,915 shares of the construction company’s stock valued at $222,000 after buying an additional 983 shares during the last quarter. 76.74% of the stock is owned by institutional investors.
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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