Teachers Advisors LLC Has $383,000 Position in LSI Industries Inc. (LYTS)
Teachers Advisors LLC reduced its stake in LSI Industries Inc. (NASDAQ:LYTS) by 19.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 42,338 shares of the construction company’s stock after selling 10,214 shares during the quarter. Teachers Advisors LLC owned approximately 0.17% of LSI Industries worth $383,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its holdings in LSI Industries by 1.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 22,000 shares of the construction company’s stock worth $200,000 after purchasing an additional 370 shares during the last quarter. Rhumbline Advisers lifted its holdings in LSI Industries by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 29,529 shares of the construction company’s stock worth $267,000 after purchasing an additional 430 shares during the last quarter. UBS Group AG lifted its holdings in LSI Industries by 5.6% in the 1st quarter. UBS Group AG now owns 16,670 shares of the construction company’s stock worth $168,000 after purchasing an additional 890 shares during the last quarter. American International Group Inc. lifted its holdings in LSI Industries by 7.0% in the 1st quarter. American International Group Inc. now owns 14,638 shares of the construction company’s stock worth $148,000 after purchasing an additional 963 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in LSI Industries by 4.7% in the 1st quarter. Bank of America Corp DE now owns 21,915 shares of the construction company’s stock worth $222,000 after purchasing an additional 983 shares during the last quarter. Hedge funds and other institutional investors own 71.99% of the company’s stock.
In other LSI Industries news, VP James E. Galeese purchased 9,025 shares of the company’s 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 transaction, the vice president now directly owns 824 shares in the company, valued at approximately $4,556.72. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP James E. Galeese purchased 16,700 shares of the company’s stock in a transaction on Friday, August 18th. The stock was acquired at an average cost of $6.01 per share, for a total transaction of $100,367.00. Following the completion of the transaction, the vice president now owns 330 shares in the company, valued at $1,983.30. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 42,525 shares of company stock worth $249,675. Company insiders own 6.37% of the company’s stock.
LSI Industries Inc. (NASDAQ:LYTS) opened at $6.85 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.64 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $175.90, a P/E ratio of 34.10, a price-to-earnings-growth ratio of 1.36 and a beta of 1.69. LSI Industries Inc. has a 1 year low of $4.99 and a 1 year high of $10.68.
LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $87.47 million for the quarter, compared to the consensus estimate of $82.45 million. LSI Industries had a positive return on equity of 3.27% and a negative net margin of 4.02%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 EPS. equities analysts anticipate that LSI Industries Inc. will post 0.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Friday, November 3rd. LSI Industries’s dividend payout ratio is currently -38.46%.
Several equities research analysts recently weighed in on the company. Roth Capital lowered LSI Industries from a “buy” rating to a “hold” rating and reduced their target price for the stock from $13.00 to $7.00 in a report on Friday, August 4th. Zacks Investment Research upgraded LSI Industries from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Wednesday, November 1st. Canaccord Genuity restated a “buy” rating and issued a $9.00 target price on shares of LSI Industries in a report on Thursday, October 26th. Finally, TheStreet lowered LSI Industries from a “b-” rating to a “c+” rating in a report 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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