Aristides Capital LLC Acquires 50,728 Shares of LSI Industries Inc. $LYTS

Aristides Capital LLC lifted its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 96.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,244 shares of the construction company’s stock after purchasing an additional 50,728 shares during the quarter. Aristides Capital LLC’s holdings in LSI Industries were worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its position in shares of LSI Industries by 70.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 742,592 shares of the construction company’s stock valued at $13,604,000 after buying an additional 306,864 shares during the last quarter. Juniper Investment Company LLC raised its position in LSI Industries by 211.0% in the 4th quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock worth $6,256,000 after buying an additional 231,693 shares during the last quarter. Kennedy Capital Management LLC raised its position in LSI Industries by 163.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company’s stock worth $8,015,000 after buying an additional 210,728 shares during the last quarter. Sei Investments Co. lifted its stake in LSI Industries by 259.7% during the 1st quarter. Sei Investments Co. now owns 264,336 shares of the construction company’s stock valued at $4,917,000 after acquiring an additional 190,840 shares during the period. Finally, Royce & Associates LP boosted its holdings in shares of LSI Industries by 16.4% during the 4th quarter. Royce & Associates LP now owns 1,216,349 shares of the construction company’s stock valued at $22,284,000 after acquiring an additional 171,124 shares during the last quarter. 73.91% of the stock is owned by institutional investors.

LSI Industries Stock Down 1.7%

LYTS stock opened at $23.42 on Friday. The company has a market cap of $859.75 million, a price-to-earnings ratio of 31.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. The business’s 50-day moving average is $24.56 and its two-hundred day moving average is $22.20. LSI Industries Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $27.36.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The firm had revenue of $150.53 million for the quarter, compared to the consensus estimate of $163.53 million. As a group, analysts forecast that LSI Industries Inc. will post 0.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on LYTS shares. Wall Street Zen lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Oppenheimer initiated coverage on shares of LSI Industries in a report on Tuesday, June 9th. They issued an “outperform” rating and a $30.00 target price on the stock. Finally, Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, LSI Industries currently has an average rating of “Moderate Buy” and a consensus price target of $28.75.

Insider Transactions at LSI Industries

In related news, CFO James E. Galeese sold 136,578 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the completion of the sale, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,209,165.52. The trade was a 44.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Wilfred T. Ogara sold 10,369 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.09, for a total transaction of $249,789.21. Following the sale, the director directly owned 103,686 shares of the company’s stock, valued at approximately $2,497,795.74. This represents a 9.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 256,173 shares of company stock worth $6,220,368 in the last quarter. Company insiders own 7.30% of the company’s stock.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.