LSI Industries Inc. (LYTS) VP Howard E. Japlon Acquires 5,000 Shares of Stock
LSI Industries Inc. (NASDAQ:LYTS) VP Howard E. Japlon bought 5,000 shares of LSI Industries stock in a transaction on Thursday, December 14th. The stock was acquired at an average price of $6.88 per share, with a total value of $34,400.00. Following the completion of the purchase, the vice president now directly owns 23,500 shares of the company’s stock, valued at $161,680. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of LSI Industries Inc. (LYTS) traded up $0.30 during trading on Friday, hitting $7.21. 171,272 shares of the stock were exchanged, compared to its average volume of 74,553. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.64 and a quick ratio of 1.45. LSI Industries Inc. has a twelve month low of $4.99 and a twelve month high of $10.68. The firm has a market capitalization of $178.22, a PE ratio of 34.55, a price-to-earnings-growth ratio of 1.38 and a beta of 1.68.
LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.07 earnings per share for the quarter, topping 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 business had revenue of $87.47 million during the quarter, compared to analysts’ expectations of $82.45 million. During the same period in the previous year, the company earned $0.06 earnings per share. LSI Industries’s revenue for the quarter was up 3.9% on a year-over-year basis. equities research analysts anticipate that LSI Industries Inc. will post 0.2 EPS for the current year.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of LSI Industries by 3.5% in the first quarter. Vanguard Group Inc. now owns 945,777 shares of the construction company’s stock worth $9,543,000 after buying an additional 32,383 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of LSI Industries by 1.9% in the first quarter. Geode Capital Management LLC now owns 190,663 shares of the construction company’s stock worth $1,922,000 after buying an additional 3,593 shares during the last quarter. Systematic Financial Management LP acquired a new stake in shares of LSI Industries in the second quarter worth $5,914,000. Dimensional Fund Advisors LP lifted its stake in shares of LSI Industries by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,827,862 shares of the construction company’s stock worth $16,542,000 after buying an additional 55,073 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of LSI Industries by 34.8% in the third quarter. Deprince Race & Zollo Inc. now owns 1,305,743 shares of the construction company’s stock worth $8,631,000 after buying an additional 337,188 shares during the last quarter. Institutional investors and hedge funds own 73.18% of the company’s stock.
A number of analysts have issued reports on the stock. Roth Capital set a $7.00 target price on shares of LSI Industries and gave the company a “hold” rating in a research note on Thursday. Zacks Investment Research upgraded shares of LSI Industries from a “sell” rating to a “buy” rating and set a $7.75 target price for the company in a research note on Wednesday, October 4th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $9.00 target price on shares of LSI Industries in a research note on Thursday, October 26th.
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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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