LSI Industries, Inc. (NASDAQ:LYTS) Director Gary P. Kreider sold 3,352 shares of LSI Industries stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $4.65, for a total transaction of $15,586.80. Following the completion of the transaction, the director now directly owns 26,529 shares in the company, valued at $123,359.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of LYTS stock traded down $0.02 during trading on Friday, hitting $4.44. 213,017 shares of the company were exchanged, compared to its average volume of 85,223. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.40 and a current ratio of 2.61. The stock has a market cap of $118.81 million, a P/E ratio of 20.18, a P/E/G ratio of 0.65 and a beta of 1.35. LSI Industries, Inc. has a twelve month low of $3.98 and a twelve month high of $8.88.
LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Tuesday, November 6th. The construction company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.04). The company had revenue of $84.96 million for the quarter, compared to analyst estimates of $90.00 million. LSI Industries had a positive return on equity of 4.38% and a negative net margin of 0.64%. Sell-side analysts predict that LSI Industries, Inc. will post 0.28 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Friday, November 16th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Thursday, November 15th. LSI Industries’s dividend payout ratio is currently 90.91%.
LYTS has been the topic of several analyst reports. TheStreet downgraded shares of LSI Industries from a “c-” rating to a “d+” rating in a research report on Wednesday, August 15th. Roth Capital raised shares of LSI Industries from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Thursday, August 16th. Finally, Zacks Investment Research downgraded shares of LSI Industries from a “hold” rating to a “sell” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $10.76.
Several hedge funds have recently bought and sold shares of LYTS. BlackRock Inc. boosted its holdings in shares of LSI Industries by 6.7% during the first quarter. BlackRock Inc. now owns 1,816,296 shares of the construction company’s stock worth $14,729,000 after purchasing an additional 113,931 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of LSI Industries by 15.2% during the first quarter. JPMorgan Chase & Co. now owns 117,102 shares of the construction company’s stock worth $949,000 after purchasing an additional 15,421 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of LSI Industries by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,992,105 shares of the construction company’s stock worth $16,156,000 after purchasing an additional 85,541 shares during the period. North Star Investment Management Corp. boosted its holdings in shares of LSI Industries by 6.5% during the second quarter. North Star Investment Management Corp. now owns 418,536 shares of the construction company’s stock worth $2,235,000 after purchasing an additional 25,709 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of LSI Industries by 195.6% during the second quarter. Acadian Asset Management LLC now owns 123,268 shares of the construction company’s stock worth $658,000 after purchasing an additional 81,567 shares during the period. Institutional investors and hedge funds own 70.06% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This article was first published by Macon Daily and is owned by of Macon Daily. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://macondaily.com/2018/11/10/lsi-industries-inc-lyts-director-gary-p-kreider-sells-3352-shares-of-stock.html.
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.
Featured Article: Compound Annual Growth Rate (CAGR)
Receive News & Ratings for LSI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries and related companies with MarketBeat.com's FREE daily email newsletter.