Insider Selling: LSI Industries (NASDAQ:LYTS) CFO Sells $3,317,479.62 in Stock

LSI Industries Inc. (NASDAQ:LYTS) CFO James Galeese sold 136,578 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total value of $3,317,479.62. Following the completion of the sale, the chief financial officer directly owned 173,288 shares in the company, valued at $4,209,165.52. This represents a 44.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

LSI Industries Price Performance

Shares of NASDAQ LYTS opened at $22.84 on Thursday. LSI Industries Inc. has a 1-year low of $16.00 and a 1-year high of $24.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.48 and a quick ratio of 0.86. The business’s fifty day moving average price is $21.70 and its two-hundred day moving average price is $20.56. The firm has a market capitalization of $838.46 million, a PE ratio of 30.45 and a beta of 0.53.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, April 23rd. The construction company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.34). LSI Industries had a return on equity of 8.90% and a net margin of 3.91%.The company had revenue of $150.53 million during the quarter, compared to analyst estimates of $163.53 million. On average, research analysts expect that LSI Industries Inc. will post 0.81 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.9%. LSI Industries’s dividend payout ratio is presently 26.67%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans bought a new position in LSI Industries during the third quarter valued at about $10,288,000. Royce & Associates LP boosted its stake in LSI Industries by 50.0% during the third quarter. Royce & Associates LP now owns 1,045,225 shares of the construction company’s stock valued at $24,678,000 after buying an additional 348,598 shares in the last quarter. AltraVue Capital LLC boosted its stake in LSI Industries by 2.1% during the third quarter. AltraVue Capital LLC now owns 1,339,140 shares of the construction company’s stock valued at $31,617,000 after buying an additional 27,140 shares in the last quarter. Legato Capital Management LLC boosted its stake in LSI Industries by 8.7% during the fourth quarter. Legato Capital Management LLC now owns 394,103 shares of the construction company’s stock valued at $7,220,000 after buying an additional 31,429 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in LSI Industries by 153.3% during the fourth quarter. State of Alaska Department of Revenue now owns 4,146 shares of the construction company’s stock valued at $74,000 after buying an additional 2,509 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

Analyst Ratings Changes

LYTS has been the subject of several recent analyst reports. Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Wall Street Zen lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $28.33.

LSI Industries Company Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.