LSI Industries Inc. (LYTS) CEO Dennis W. Wells Purchases 2,800 Shares of Stock
LSI Industries Inc. (NASDAQ:LYTS) CEO Dennis W. Wells bought 2,800 shares of LSI Industries stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average cost of $5.80 per share, for a total transaction of $16,240.00. Following the purchase, the chief executive officer now owns 22,930 shares in the company, valued at approximately $132,994. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
LSI Industries Inc. (NASDAQ LYTS) opened at 5.62 on Tuesday. LSI Industries Inc. has a 52 week low of $4.99 and a 52 week high of $11.55. The stock has a market cap of $144.46 million, a price-to-earnings ratio of 47.63 and a beta of 1.56. The firm’s 50 day moving average price is $7.71 and its 200-day moving average price is $8.95.
LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, August 17th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. The firm had revenue of $83.42 million for the quarter, compared to analysts’ expectations of $86.55 million. LSI Industries had a return on equity of 3.15% and a net margin of 0.91%. LSI Industries’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share. Analysts expect that LSI Industries Inc. will post $0.30 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Monday, August 28th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, August 24th. LSI Industries’s dividend payout ratio (DPR) is currently 166.68%.
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A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered LSI Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Roth Capital lowered LSI Industries from a “buy” rating to a “hold” rating and reduced their target price for the company from $13.00 to $7.00 in a research note on Friday, August 4th. TheStreet lowered LSI Industries from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $9.00 target price on shares of LSI Industries in a research note on Monday, August 7th.
Several institutional investors have recently modified their holdings of the company. Genesee Valley Trust Co. bought a new position in shares of LSI Industries during the second quarter worth $103,000. American International Group Inc. increased its position in shares of LSI Industries by 7.0% in the first quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after buying an additional 963 shares during the period. Alliancebernstein L.P. bought a new position in shares of LSI Industries during the second quarter worth $152,000. PNC Financial Services Group Inc. increased its position in shares of LSI Industries by 118.0% in the second quarter. PNC Financial Services Group Inc. now owns 17,739 shares of the construction company’s stock worth $159,000 after buying an additional 9,600 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of LSI Industries by 19.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,947 shares of the construction company’s stock worth $161,000 after buying an additional 2,645 shares during the period. 76.74% of the stock is currently owned by institutional investors.
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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