LSI Industries Inc. $LYTS Shares Purchased by North Star Investment Management Corp.

North Star Investment Management Corp. boosted its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 40.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 276,463 shares of the construction company’s stock after acquiring an additional 80,000 shares during the quarter. North Star Investment Management Corp.’s holdings in LSI Industries were worth $5,142,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Royce & Associates LP boosted its position in LSI Industries by 50.0% in the 3rd quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock worth $24,678,000 after purchasing an additional 348,598 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of LSI Industries by 70.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 742,592 shares of the construction company’s stock valued at $13,604,000 after purchasing an additional 306,864 shares in the last quarter. Juniper Investment Company LLC lifted its stake in shares of LSI Industries by 211.0% in the 4th quarter. Juniper Investment Company LLC now owns 341,504 shares of the construction company’s stock valued at $6,256,000 after purchasing an additional 231,693 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of LSI Industries by 163.7% in the 3rd quarter. Kennedy Capital Management LLC now owns 339,495 shares of the construction company’s stock valued at $8,015,000 after purchasing an additional 210,728 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of LSI Industries by 402.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 198,433 shares of the construction company’s stock valued at $4,685,000 after purchasing an additional 158,934 shares during the period. 73.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at LSI Industries

In related news, EVP Thomas A. Caneris sold 109,226 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $2,653,099.54. Following the transaction, the executive vice president directly owned 64,790 shares of the company’s stock, valued at approximately $1,573,749.10. This trade represents a 62.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO James E. Galeese sold 136,578 shares of LSI Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $24.29, for a total value of $3,317,479.62. Following the completion of the sale, the chief financial officer 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 256,173 shares of company stock valued at $6,220,368 over the last 90 days. Corporate insiders own 7.30% of the company’s stock.

LSI Industries Stock Performance

Shares of NASDAQ:LYTS opened at $26.56 on Monday. The business’s 50 day moving average price is $23.85 and its 200-day moving average price is $21.41. LSI Industries Inc. has a 1 year low of $16.60 and a 1 year high of $27.36. The firm has a market capitalization of $975.02 million, a price-to-earnings ratio of 35.41 and a beta of 0.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86.

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

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were given a $0.05 dividend. The ex-dividend date was Monday, May 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. LSI Industries’s dividend payout ratio (DPR) is 26.67%.

About LSI Industries

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.