Alliancebernstein L.P. bought a new stake in LSI Industries Inc. (NASDAQ:LYTS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 16,800 shares of the construction company’s stock, valued at approximately $152,000. Alliancebernstein L.P. owned approximately 0.07% of LSI Industries as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Genesee Valley Trust Co. purchased a new stake in shares of LSI Industries in the second quarter valued at about $103,000. American International Group Inc. boosted its holdings in shares of LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock valued at $148,000 after acquiring an additional 963 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of LSI Industries by 19.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock valued at $161,000 after acquiring an additional 2,645 shares in the last quarter. UBS Group AG boosted its holdings in shares of LSI Industries by 5.6% in the first quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock valued at $168,000 after acquiring an additional 890 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of LSI Industries in the second quarter valued at about $172,000. 71.99% of the stock is currently owned by institutional investors and hedge funds.

In other LSI Industries news, VP James E. Galeese bought 9,025 shares of the business’s stock in a transaction on Monday, August 21st. The stock was bought at an average price of $5.53 per share, for a total transaction of $49,908.25. Following the completion of the transaction, the vice president now owns 824 shares in the company, valued at approximately $4,556.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Howard E. Japlon bought 10,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were acquired at an average price of $5.90 per share, with a total value of $59,000.00. Following the transaction, the vice president now owns 18,500 shares of the company’s stock, valued at approximately $109,150. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 42,525 shares of company stock valued at $249,675. 6.37% of the stock is currently owned by company insiders.

TRADEMARK VIOLATION NOTICE: “Alliancebernstein L.P. Takes Position in LSI Industries Inc. (LYTS)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The original version of this news story can be accessed at https://www.watchlistnews.com/alliancebernstein-l-p-takes-position-in-lsi-industries-inc-lyts/1706265.html.

Shares of LSI Industries Inc. (NASDAQ:LYTS) opened at $6.72 on Thursday. The company has a market cap of $176.67, a PE ratio of 34.25, a P/E/G ratio of 1.37 and a beta of 1.69. LSI Industries Inc. has a fifty-two week low of $4.99 and a fifty-two week high of $10.68. 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 data on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The firm had revenue of $87.47 million for the quarter, compared to the consensus estimate of $82.45 million. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. analysts forecast that LSI Industries Inc. will post 0.2 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date was Friday, November 3rd. LSI Industries’s payout ratio is currently -38.46%.

Several analysts have recently weighed in on the stock. Roth Capital downgraded shares of LSI Industries to a “hold” rating and set a $6.00 target price on the stock. in a report on Thursday, August 17th. TheStreet downgraded shares of LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $9.00 target price on shares of LSI Industries in a report on Monday, August 7th. Finally, Zacks Investment Research raised shares of LSI Industries from a “hold” rating to a “buy” rating and set a $7.50 price objective on the stock in a report on Wednesday, November 1st.

LSI Industries Profile

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.

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

Receive News & Ratings for LSI Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.