Howard E. Japlon Purchases 10,000 Shares of LSI Industries Inc. (LYTS) Stock
LSI Industries Inc. (NASDAQ:LYTS) VP Howard E. Japlon acquired 10,000 shares of LSI Industries stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $109,150. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of LSI Industries Inc. (LYTS) opened at 7.09 on Wednesday. LSI Industries Inc. has a 52-week low of $4.99 and a 52-week high of $11.55. The stock has a market capitalization of $180.84 million, a price-to-earnings ratio of 60.08 and a beta of 1.62. The stock has a 50 day moving average of $6.04 and a 200-day moving average of $8.35.
LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, August 17th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The company had revenue of $83.42 million for the quarter, compared to analyst estimates of $86.55 million. LSI Industries had a return on equity of 3.14% and a net margin of 0.91%. LSI Industries’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, equities research analysts predict that LSI Industries Inc. will post $0.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Monday, August 28th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $0.20 annualized dividend and a dividend yield of 2.82%. LSI Industries’s payout ratio is currently 166.68%.
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Several institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC lifted its holdings in shares of LSI Industries by 15.5% during the 4th quarter. Teachers Advisors LLC now owns 50,039 shares of the construction company’s stock valued at $487,000 after purchasing an additional 6,711 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of LSI Industries by 57.2% during the 1st quarter. Nationwide Fund Advisors now owns 31,044 shares of the construction company’s stock valued at $313,000 after purchasing an additional 11,302 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of LSI Industries by 232.8% during the 1st quarter. Russell Investments Group Ltd. now owns 21,630 shares of the construction company’s stock valued at $219,000 after purchasing an additional 15,130 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of LSI Industries by 2.9% during the 1st quarter. Bank of New York Mellon Corp now owns 207,912 shares of the construction company’s stock valued at $2,098,000 after purchasing an additional 5,776 shares in the last quarter. Finally, TFS Capital LLC bought a new position in shares of LSI Industries during the 1st quarter valued at about $204,000. Institutional investors own 77.90% of the company’s stock.
LYTS has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price objective on shares of LSI Industries in a research note on Monday, August 7th. Roth Capital lowered shares of LSI Industries from a “buy” rating to a “hold” rating and reduced their price objective for the company from $13.00 to $7.00 in a research note on Friday, August 4th. TheStreet lowered shares of LSI Industries from a “b-” rating to a “c+” rating in a research note on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of LSI Industries from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th.
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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