14,881 Shares in LSI Industries Inc. $LYTS Acquired by Corton Capital Inc.

Corton Capital Inc. bought a new position in shares of LSI Industries Inc. (NASDAQ:LYTS) during the second quarter, HoldingsChannel.com reports. The firm bought 14,881 shares of the construction company’s stock, valued at approximately $253,000.

Other institutional investors have also modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of LSI Industries by 2.9% during the first quarter. PNC Financial Services Group Inc. now owns 22,856 shares of the construction company’s stock worth $389,000 after acquiring an additional 643 shares during the period. Rhumbline Advisers boosted its holdings in LSI Industries by 2.1% in the first quarter. Rhumbline Advisers now owns 41,378 shares of the construction company’s stock valued at $703,000 after purchasing an additional 858 shares during the period. Informed Momentum Co LLC grew its stake in LSI Industries by 1.8% during the 1st quarter. Informed Momentum Co LLC now owns 52,521 shares of the construction company’s stock worth $893,000 after purchasing an additional 905 shares in the last quarter. Johnson Investment Counsel Inc. increased its holdings in LSI Industries by 0.9% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 117,863 shares of the construction company’s stock worth $2,005,000 after purchasing an additional 1,097 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in LSI Industries by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock valued at $292,000 after purchasing an additional 1,113 shares in the last quarter. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Stock Performance

Shares of LSI Industries stock opened at $23.34 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. LSI Industries Inc. has a 52 week low of $13.77 and a 52 week high of $25.50. The firm’s 50 day moving average is $23.00 and its two-hundred day moving average is $19.18. The firm has a market capitalization of $713.46 million, a P/E ratio of 29.54 and a beta of 0.26.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $97.02 million during the quarter. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. Research analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. LSI Industries’s dividend payout ratio (DPR) is presently 25.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LYTS shares. Wall Street Zen raised LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 24th. Zacks Research downgraded shares of LSI Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Weiss Ratings upgraded shares of LSI Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Craig Hallum restated a “buy” rating and issued a $28.00 price objective on shares of LSI Industries in a report on Friday, August 22nd. Finally, Canaccord Genuity Group lifted their price objective on shares of LSI Industries from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, August 25th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, LSI Industries has a consensus rating of “Moderate Buy” and an average target price of $27.67.

Insider Transactions at LSI Industries

In other news, VP Thomas A. Caneris sold 7,544 shares of the business’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total value of $174,115.52. Following the completion of the sale, the vice president directly owned 114,016 shares of the company’s stock, valued at approximately $2,631,489.28. The trade was a 6.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Anthony Clark sold 26,597 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total value of $613,858.76. Following the completion of the sale, the chief executive officer directly owned 421,313 shares of the company’s stock, valued at approximately $9,723,904.04. This trade represents a 5.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 94,780 shares of company stock worth $2,198,983. Corporate insiders own 7.30% of the company’s stock.

LSI Industries Profile

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.