LSI Industries, Inc. (NASDAQ:LYTS) VP James E. Galeese purchased 9,745 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were purchased at an average cost of $5.14 per share, with a total value of $50,089.30. Following the completion of the purchase, the vice president now owns 16,660 shares of the company’s stock, valued at approximately $85,632.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

LYTS traded down $0.08 during trading on Friday, hitting $4.92. 52,523 shares of the stock were exchanged, compared to its average volume of 140,567. The company has a market capitalization of $126.93 million, a P/E ratio of 22.50, a PEG ratio of 0.50 and a beta of 1.56. LSI Industries, Inc. has a 1 year low of $4.14 and a 1 year high of $8.88. The company has a quick ratio of 1.39, a current ratio of 2.61 and a debt-to-equity ratio of 0.33.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, August 16th. The construction company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. LSI Industries had a positive return on equity of 4.02% and a negative net margin of 5.71%. The company had revenue of $83.41 million for the quarter, compared to the consensus estimate of $81.20 million. equities analysts anticipate that LSI Industries, Inc. will post 0.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Monday, August 27th were issued a $0.05 dividend. The ex-dividend date was Friday, August 24th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.07%. LSI Industries’s dividend payout ratio is presently 90.91%.

LYTS has been the subject of several analyst reports. Roth Capital raised LSI Industries from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, August 16th. Zacks Investment Research raised LSI Industries from a “sell” rating to a “hold” rating in a research note on Thursday, June 21st. Finally, TheStreet lowered LSI Industries from a “c-” rating to a “d+” rating in a research note on Wednesday, August 15th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $10.76.

Large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of LSI Industries by 3.3% in the 4th quarter. BlackRock Inc. now owns 1,702,365 shares of the construction company’s stock worth $11,712,000 after purchasing an additional 55,034 shares in the last quarter. Deutsche Bank AG boosted its position in shares of LSI Industries by 157.2% in the 4th quarter. Deutsche Bank AG now owns 58,066 shares of the construction company’s stock worth $397,000 after purchasing an additional 35,488 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of LSI Industries by 15.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 148,192 shares of the construction company’s stock worth $1,020,000 after purchasing an additional 20,263 shares in the last quarter. Millennium Management LLC boosted its position in shares of LSI Industries by 114.0% in the 4th quarter. Millennium Management LLC now owns 197,339 shares of the construction company’s stock worth $1,358,000 after purchasing an additional 105,103 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of LSI Industries by 34.1% in the 1st quarter. Algert Global LLC now owns 164,331 shares of the construction company’s stock worth $1,333,000 after purchasing an additional 41,761 shares in the last quarter. Institutional investors and hedge funds own 70.33% of the company’s stock.

About LSI Industries

LSI Industries, Inc provides corporate visual image solutions through the combination of digital and screen graphics capabilities, a variety of indoor and outdoor lighting products, lighting control systems, and related professional services. It operates through the following business segments: Lighting, Graphics, and Technology.

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