Dimensional Fund Advisors LP Acquires 55,073 Shares of LSI Industries Inc. (LYTS)
Dimensional Fund Advisors LP lifted its position in LSI Industries Inc. (NASDAQ:LYTS) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,827,862 shares of the construction company’s stock after purchasing an additional 55,073 shares during the quarter. Dimensional Fund Advisors LP owned about 7.20% of LSI Industries worth $16,542,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in shares of LSI Industries by 0.7% in the second quarter. Royce & Associates LP now owns 2,027,469 shares of the construction company’s stock valued at $18,349,000 after purchasing an additional 14,100 shares during the period. Chartwell Investment Partners LLC grew its holdings in shares of LSI Industries by 6.4% in the second quarter. Chartwell Investment Partners LLC now owns 1,561,283 shares of the construction company’s stock valued at $14,130,000 after purchasing an additional 94,298 shares during the period. Vanguard Group Inc. grew its holdings in shares of LSI Industries by 2.6% in the second quarter. Vanguard Group Inc. now owns 969,955 shares of the construction company’s stock valued at $8,778,000 after purchasing an additional 24,178 shares during the period. Deprince Race & Zollo Inc. grew its holdings in shares of LSI Industries by 21.7% in the second quarter. Deprince Race & Zollo Inc. now owns 968,555 shares of the construction company’s stock valued at $8,765,000 after purchasing an additional 172,527 shares during the period. Finally, Systematic Financial Management LP purchased a new stake in shares of LSI Industries in the second quarter valued at about $5,914,000. 71.08% of the stock is owned by hedge funds and other institutional investors.
In related news, VP Howard E. Japlon bought 10,000 shares of the stock in a transaction on Thursday, September 14th. The stock was bought at an average price of $5.90 per share, with a total value of $59,000.00. Following the completion of the purchase, the vice president now directly owns 18,500 shares in the company, valued at approximately $109,150. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James E. Galeese bought 9,025 shares of the stock in a transaction on Monday, August 21st. The shares were bought at an average cost of $5.53 per share, with a total value of $49,908.25. Following the purchase, the vice president now owns 824 shares of the company’s stock, valued at $4,556.72. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 42,525 shares of company stock valued at $249,675. 6.37% of the stock is currently owned by insiders.
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Shares of LSI Industries Inc. (NASDAQ LYTS) opened at $6.73 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.64 and a quick ratio of 1.26. LSI Industries Inc. has a 1-year low of $4.99 and a 1-year high of $10.68. The stock has a market cap of $170.23, a PE ratio of 33.00, a P/E/G ratio of 1.32 and a beta of 1.69.
LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, October 26th. The construction company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $87.47 million during the quarter, compared to analyst estimates of $82.45 million. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. LSI Industries’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. research analysts expect that LSI Industries Inc. will post 0.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, November 3rd. LSI Industries’s dividend payout ratio (DPR) is presently -38.46%.
A number of brokerages recently issued reports on LYTS. Zacks Investment Research raised shares of LSI Industries from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a report on Wednesday, November 1st. Roth Capital lowered shares of LSI Industries to a “hold” rating and set a $6.00 price objective for the company. in a report on Thursday, August 17th. TheStreet lowered shares of LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $9.00 price objective on shares of LSI Industries in a report on Monday, August 7th.
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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