Insider Selling: LSI Industries (NASDAQ:LYTS) Director Sells 10,369 Shares of Stock

LSI Industries Inc. (NASDAQ:LYTS) Director Wilfred Ogara sold 10,369 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $24.09, for a total transaction of $249,789.21. Following the sale, the director directly owned 103,686 shares of the company’s stock, valued at approximately $2,497,795.74. The trade was a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

LSI Industries Stock Down 0.5%

Shares of NASDAQ:LYTS traded down $0.13 during trading on Monday, reaching $24.10. The stock had a trading volume of 564,238 shares, compared to its average volume of 318,448. The firm’s 50-day simple moving average is $21.45 and its 200 day simple moving average is $20.46. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. LSI Industries Inc. has a one year low of $15.92 and a one year high of $24.99. The company has a market capitalization of $884.71 million, a P/E ratio of 32.13 and a beta of 0.53.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.34). LSI Industries had a return on equity of 8.90% and a net margin of 3.91%.The firm had revenue of $150.53 million for the quarter, compared to the consensus estimate of $163.53 million. As a group, research analysts expect that LSI Industries Inc. will post 0.81 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. LSI Industries’s dividend payout ratio is presently 26.67%.

Analyst Upgrades and Downgrades

LYTS has been the subject of a number of recent analyst reports. Wall Street Zen cut LSI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings lowered LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Finally, Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $28.33.

Institutional Investors Weigh In On LSI Industries

Institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its stake in LSI Industries by 26.7% in the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock worth $1,039,000 after acquiring an additional 12,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in LSI Industries by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after acquiring an additional 1,113 shares during the period. Jane Street Group LLC purchased a new stake in LSI Industries during the 1st quarter valued at about $560,000. Strs Ohio purchased a new stake in LSI Industries during the 1st quarter valued at about $34,000. Finally, Quantbot Technologies LP increased its holdings in shares of LSI Industries by 133.3% in the second quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock valued at $95,000 after purchasing an additional 3,206 shares during the period. 73.91% of the stock is currently owned by institutional investors and hedge funds.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.