LSI Industries Inc. (LYTS) VP Acquires $49,972.14 in Stock
LSI Industries Inc. (NASDAQ:LYTS) VP James E. Galeese bought 7,641 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was bought at an average price of $6.54 per share, for a total transaction of $49,972.14. Following the transaction, the vice president now directly owns 2,379 shares of the company’s stock, valued at $15,558.66. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Shares of LSI Industries Inc. (LYTS) remained flat at $$6.58 during trading hours on Friday. The company’s stock had a trading volume of 70,900 shares, compared to its average volume of 95,251. The company has a market cap of $169.71, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.32 and a beta of 1.68. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.64 and a quick ratio of 1.45. LSI Industries Inc. has a twelve month low of $4.99 and a twelve month high of $10.68.
LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $87.47 million for the quarter, compared to analyst estimates of $82.45 million. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. LSI Industries’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. equities research analysts anticipate that LSI Industries Inc. will post 0.2 EPS for the current year.
A number of brokerages have recently commented on LYTS. Zacks Investment Research upgraded shares of LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 price target on the stock in a report on Wednesday, October 4th. Roth Capital set a $6.00 price target on shares of LSI Industries and gave the stock a “hold” rating in a report on Friday, October 6th. TheStreet lowered shares of LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $9.00 price target on shares of LSI Industries in a report on Thursday, October 26th.
Several large investors have recently modified their holdings of LYTS. Vanguard Group Inc. lifted its holdings in LSI Industries by 3.5% in the first quarter. Vanguard Group Inc. now owns 945,777 shares of the construction company’s stock valued at $9,543,000 after buying an additional 32,383 shares during the period. Geode Capital Management LLC lifted its holdings in LSI Industries by 1.9% in the first quarter. Geode Capital Management LLC now owns 190,663 shares of the construction company’s stock valued at $1,922,000 after buying an additional 3,593 shares during the period. Systematic Financial Management LP acquired a new position in LSI Industries in the second quarter valued at $5,914,000. Dimensional Fund Advisors LP lifted its holdings in LSI Industries by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,827,862 shares of the construction company’s stock valued at $16,542,000 after buying an additional 55,073 shares during the period. Finally, WealthTrust Axiom LLC lifted its holdings in LSI Industries by 3.9% in the third quarter. WealthTrust Axiom LLC now owns 763,751 shares of the construction company’s stock valued at $5,048,000 after buying an additional 28,484 shares during the period. Institutional investors own 73.18% of the company’s stock.
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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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