CM Wealth Advisors LLC Purchases Shares of 21,741 LSI Industries Inc. $LYTS

CM Wealth Advisors LLC purchased a new stake in LSI Industries Inc. (NASDAQ:LYTS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,741 shares of the construction company’s stock, valued at approximately $578,000. CM Wealth Advisors LLC owned about 0.06% of LSI Industries at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. North Star Investment Management Corp. increased its position in LSI Industries by 40.7% during the 1st quarter. North Star Investment Management Corp. now owns 276,463 shares of the construction company’s stock worth $5,142,000 after purchasing an additional 80,000 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in LSI Industries in the 1st quarter valued at about $2,107,000. AltraVue Capital LLC boosted its position in LSI Industries by 8.0% during the fourth quarter. AltraVue Capital LLC now owns 1,445,833 shares of the construction company’s stock worth $26,488,000 after acquiring an additional 106,693 shares during the last quarter. Juniper Investment Company LLC grew its position in shares of LSI Industries by 211.0% in the fourth 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. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of LSI Industries during the 1st quarter valued at about $1,404,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

LSI Industries Stock Performance

Shares of LSI Industries stock opened at $24.06 on Thursday. The firm has a market cap of $883.24 million, a PE ratio of 32.08 and a beta of 0.56. The firm’s 50-day simple moving average is $24.80 and its 200-day simple moving average is $22.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. LSI Industries Inc. has a 1 year low of $17.20 and a 1 year high of $27.36.

Insider Buying and Selling at LSI Industries

In other news, Director Wilfred T. Ogara sold 10,369 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $24.09, for a total value of $249,789.21. Following the completion of the sale, the director directly owned 103,686 shares in the company, valued at approximately $2,497,795.74. The trade was a 9.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James E. Galeese sold 136,578 shares of the company’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 value of $3,317,479.62. Following the sale, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,209,165.52. This represents a 44.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 256,173 shares of company stock worth $6,220,368 over the last quarter. 7.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on LYTS. Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Oppenheimer began coverage on shares of LSI Industries in a report on Tuesday, June 9th. They set an “outperform” rating and a $30.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, LSI Industries presently has an average rating of “Moderate Buy” and an average price target of $28.75.

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.