James E. Galeese Acquires 7,641 Shares of LSI Industries Inc. (LYTS) Stock
LSI Industries Inc. (NASDAQ:LYTS) VP James E. Galeese purchased 7,641 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average price of $6.54 per share, for a total transaction of $49,972.14. Following the purchase, the vice president now owns 2,379 shares in the company, valued at $15,558.66. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of LSI Industries Inc. (LYTS) traded down $0.05 on Friday, hitting $6.53. 86,623 shares of the stock traded hands, compared to its average volume of 60,169. 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 $168.42, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 1.31 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 posted its earnings results on Thursday, October 26th. The construction company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $87.47 million for the quarter, compared to analyst estimates of $82.45 million. During the same period last year, the business posted $0.06 EPS. LSI Industries’s revenue was up 3.9% compared to the same quarter last year. research analysts anticipate that LSI Industries Inc. will post 0.2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 3.06%. LSI Industries’s payout ratio is presently -38.46%.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in LSI Industries by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 945,777 shares of the construction company’s stock valued at $9,543,000 after buying an additional 32,383 shares during the last quarter. Geode Capital Management LLC grew its stake in LSI Industries by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 190,663 shares of the construction company’s stock valued at $1,922,000 after buying an additional 3,593 shares during the last quarter. Systematic Financial Management LP acquired a new position in LSI Industries in the 2nd quarter valued at $5,914,000. Dimensional Fund Advisors LP grew its stake in LSI Industries by 3.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,827,862 shares of the construction company’s stock valued at $16,542,000 after buying an additional 55,073 shares during the last quarter. Finally, Chartwell Investment Partners LLC grew its stake in LSI Industries by 1.7% in the 3rd quarter. Chartwell Investment Partners LLC now owns 1,587,655 shares of the construction company’s stock valued at $10,494,000 after buying an additional 26,372 shares during the last quarter. Institutional investors and hedge funds own 73.18% of the company’s stock.
Several research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of LSI Industries from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note 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 research note on Friday, October 6th. Finally, Canaccord Genuity restated a “buy” rating and set a $9.00 price target on shares of LSI Industries in a research note on Thursday, October 26th.
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LSI Industries Company 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.
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