Dynamic Technology Lab Private Ltd bought a new position in LSI Industries Inc. (NASDAQ:LYTS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 22,932 shares of the construction company’s stock, valued at approximately $151,000. Dynamic Technology Lab Private Ltd owned 0.09% of LSI Industries at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Deprince Race & Zollo Inc. boosted its holdings in shares of LSI Industries by 34.8% during the third quarter. Deprince Race & Zollo Inc. now owns 1,305,743 shares of the construction company’s stock worth $8,631,000 after purchasing an additional 337,188 shares during the period. First Personal Financial Services boosted its holdings in shares of LSI Industries by 82.7% during the third quarter. First Personal Financial Services now owns 158,299 shares of the construction company’s stock worth $1,046,000 after purchasing an additional 71,665 shares during the period. WealthTrust Axiom LLC boosted its holdings in shares of LSI Industries by 3.9% during the third quarter. WealthTrust Axiom LLC now owns 763,751 shares of the construction company’s stock worth $5,048,000 after purchasing an additional 28,484 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of LSI Industries by 11.9% during the second quarter. The Manufacturers Life Insurance Company now owns 24,374 shares of the construction company’s stock worth $220,000 after purchasing an additional 2,591 shares during the period. Finally, State Street Corp boosted its holdings in shares of LSI Industries by 10.3% during the second quarter. State Street Corp now owns 414,532 shares of the construction company’s stock worth $3,753,000 after purchasing an additional 38,743 shares during the period. Institutional investors own 73.18% of the company’s stock.

In related news, VP James E. Galeese bought 7,641 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average price of $6.54 per share, with a total value of $49,972.14. Following the completion of the transaction, the vice president now owns 2,379 shares of the company’s stock, valued at approximately $15,558.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Howard E. Japlon bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $5.90 per share, for a total transaction of $59,000.00. Following the transaction, the vice president now directly owns 18,500 shares of the company’s stock, valued at approximately $109,150. The disclosure for this purchase can be found here. Company insiders own 6.37% of the company’s stock.

Several research firms recently commented on LYTS. Zacks Investment Research upgraded shares of LSI Industries from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a report on Wednesday, November 1st. 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. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price objective on shares of LSI Industries in a research report on Thursday, October 26th.

LSI Industries Inc. (NASDAQ LYTS) opened at $6.53 on Friday. LSI Industries Inc. has a 52-week low of $4.99 and a 52-week high of $10.68. The firm has a market cap of $169.71, a P/E ratio of 32.90, a P/E/G ratio of 1.32 and a beta of 1.68. The company has a current ratio of 2.64, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. The company had revenue of $87.47 million for the quarter, compared to analyst estimates of $82.45 million. During the same quarter last year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. equities analysts expect that LSI Industries Inc. will post 0.2 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, November 3rd. LSI Industries’s dividend payout ratio is -38.46%.

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About LSI Industries

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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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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