James Galeese Sells 54,575 Shares of LSI Industries (NASDAQ:LYTS) Stock

Key Points

• James Galeese, CFO of LSI Industries, sold 54,575 shares at an average price of $23.29, totaling over $1.27 million, which marked a 23.95% decrease in his position.
• LSI Industries reported a quarterly earnings per share of $0.26, exceeding estimates and recording a net margin of 4.25% with revenues of $155.07 million.
• The company declared a quarterly dividend of $0.05 per share, with an annualized yield of 0.9% and a payout ratio of 25.32%.

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) CFO James Galeese sold 54,575 shares of LSI Industries stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $23.29, for a total transaction of $1,271,051.75. Following the completion of the transaction, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,035,877.52. The trade was a 23.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

LSI Industries Stock Up 0.2%

LYTS traded up $0.04 during trading on Wednesday, reaching $22.76. The company had a trading volume of 287,567 shares, compared to its average volume of 149,647. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.08 and a quick ratio of 1.25. LSI Industries Inc. has a 12 month low of $13.77 and a 12 month high of $25.50. The business's fifty day moving average price is $19.52 and its 200 day moving average price is $17.55. The company has a market cap of $680.98 million, a P/E ratio of 28.80 and a beta of 0.27.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, August 21st. The construction company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.09. LSI Industries had a net margin of 4.25% and a return on equity of 11.25%. The firm had revenue of $155.07 million for the quarter, compared to analyst estimates of $138.89 million. Equities analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 2nd will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. LSI Industries's payout ratio is presently 25.32%.

Analyst Upgrades and Downgrades

LYTS has been the topic of a number of research reports. Craig Hallum reaffirmed a "buy" rating and issued a $28.00 price target on shares of LSI Industries in a research note on Friday, August 22nd. Canaccord Genuity Group boosted their price objective on shares of LSI Industries from $22.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday, August 25th. Finally, Wall Street Zen raised shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 24th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, LSI Industries presently has an average rating of "Buy" and a consensus target price of $27.67.

Hedge Funds Weigh In On LSI Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Systematic Financial Management LP increased its holdings in LSI Industries by 1.0% during the second quarter. Systematic Financial Management LP now owns 2,592,372 shares of the construction company's stock worth $44,096,000 after buying an additional 26,546 shares during the last quarter. Vanguard Group Inc. increased its holdings in LSI Industries by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,624,265 shares of the construction company's stock worth $27,613,000 after buying an additional 47,341 shares during the last quarter. Archon Capital Management LLC increased its holdings in LSI Industries by 67.8% during the second quarter. Archon Capital Management LLC now owns 284,872 shares of the construction company's stock worth $4,846,000 after buying an additional 115,124 shares during the last quarter. Northern Trust Corp increased its holdings in LSI Industries by 9.9% during the fourth quarter. Northern Trust Corp now owns 268,521 shares of the construction company's stock worth $5,215,000 after buying an additional 24,121 shares during the last quarter. Finally, Globeflex Capital L P increased its holdings in LSI Industries by 3.9% during the second quarter. Globeflex Capital L P now owns 264,355 shares of the construction company's stock worth $4,497,000 after buying an additional 9,967 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

About LSI Industries

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.

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