LSI Industries, Inc. (LYTS) Director Sells $51,424.56 in Stock
LSI Industries, Inc. (NASDAQ:LYTS) Director Gary P. Kreider sold 11,352 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $4.53, for a total transaction of $51,424.56. Following the sale, the director now directly owns 26,529 shares of the company’s stock, valued at approximately $120,176.37. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
LSI Industries stock traded down $0.02 during mid-day trading on Friday, hitting $4.44. The stock had a trading volume of 213,017 shares, compared to its average volume of 85,223. The company has a market capitalization of $118.81 million, a P/E ratio of 20.18, a P/E/G ratio of 0.65 and a beta of 1.35. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 2.61. LSI Industries, Inc. has a one year low of $3.98 and a one year high of $8.88.
LSI Industries (NASDAQ:LYTS) last issued its earnings results on Tuesday, November 6th. The construction company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The firm had revenue of $84.96 million during the quarter, compared to the consensus estimate of $90.00 million. LSI Industries had a positive return on equity of 4.38% and a negative net margin of 0.64%. Analysts forecast that LSI Industries, Inc. will post 0.28 EPS for the current year.
A number of brokerages have recently issued reports on LYTS. Zacks Investment Research downgraded shares of LSI Industries from a “hold” rating to a “sell” rating in a research report on Friday. TheStreet downgraded shares of LSI Industries from a “c-” rating to a “d+” rating in a research report on Wednesday, August 15th. Finally, Roth Capital raised shares of LSI Industries from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, August 16th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $10.76.
Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in LSI Industries in the 2nd quarter worth $106,000. Trexquant Investment LP bought a new position in LSI Industries in the 2nd quarter worth $114,000. Tower Research Capital LLC TRC boosted its holdings in LSI Industries by 4,561.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 25,638 shares of the construction company’s stock worth $137,000 after buying an additional 25,088 shares during the period. Alambic Investment Management L.P. bought a new position in LSI Industries in the 2nd quarter worth $172,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in LSI Industries in the 2nd quarter worth $185,000. 70.06% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This story was first posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://theolympiareport.com/2018/11/10/lsi-industries-inc-lyts-director-sells-51424-56-in-stock.html.
About LSI Industries
LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.
Recommended Story: How is an ETF different from a mutual fund?
Receive News & Ratings for LSI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries and related companies with MarketBeat.com's FREE daily email newsletter.