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%.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/09/20/howard-e-japlon-purchases-10000-shares-of-lsi-industries-inc-lyts-stock.html.

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.

Receive News & Ratings for LSI Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.