Insider Buying: LSI Industries, Inc. (LYTS) CEO Buys 5,000 Shares of Stock
LSI Industries, Inc. (NASDAQ:LYTS) CEO Ronald D. Brown purchased 5,000 shares of LSI Industries stock in a transaction dated Wednesday, September 5th. The stock was bought at an average price of $5.00 per share, with a total value of $25,000.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $50,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ:LYTS traded up $0.05 during trading hours on Friday, hitting $5.18. 3,035 shares of the company’s stock traded hands, compared to its average volume of 150,729. The firm has a market capitalization of $129.63 million, a price-to-earnings ratio of 23.41, a P/E/G ratio of 0.50 and a beta of 1.56. LSI Industries, Inc. has a 52 week low of $4.14 and a 52 week high of $8.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.39 and a current ratio of 2.69.
LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, August 16th. The construction company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $83.41 million during the quarter, compared to analyst estimates of $81.20 million. LSI Industries had a positive return on equity of 4.00% and a negative net margin of 5.71%. equities analysts forecast that LSI Industries, Inc. will post 0.4 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on LYTS shares. TheStreet cut LSI Industries from a “c-” rating to a “d+” rating in a research report on Wednesday, August 15th. Roth Capital upgraded LSI Industries from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Thursday, August 16th. Finally, Zacks Investment Research upgraded LSI Industries from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $10.76.
Large investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in LSI Industries during the second quarter valued at $106,000. Cambridge Investment Research Advisors Inc. boosted its stake in LSI Industries by 95.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 19,840 shares of the construction company’s stock valued at $161,000 after buying an additional 9,700 shares during the period. Trexquant Investment LP bought a new stake in LSI Industries during the second quarter valued at $114,000. Tower Research Capital LLC TRC boosted its stake in LSI Industries by 4,561.5% during the second quarter. Tower Research Capital LLC TRC now owns 25,638 shares of the construction company’s stock valued at $137,000 after buying an additional 25,088 shares during the period. Finally, Alambic Investment Management L.P. bought a new stake in LSI Industries during the second quarter valued at $172,000. 70.33% of the stock is owned by institutional investors.
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.
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