LSI Industries Inc. $LYTS Holdings Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 17.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,080 shares of the construction company’s stock after selling 8,400 shares during the period. Los Angeles Capital Management LLC owned approximately 0.13% of LSI Industries worth $682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio purchased a new position in shares of LSI Industries during the first quarter valued at $34,000. Coppell Advisory Solutions LLC boosted its position in LSI Industries by 80,200.0% during the 1st quarter. Coppell Advisory Solutions LLC now owns 5,621 shares of the construction company’s stock worth $96,000 after acquiring an additional 5,614 shares during the period. Ascent Group LLC purchased a new position in LSI Industries during the 1st quarter valued at about $189,000. State of Wyoming acquired a new position in shares of LSI Industries in the 1st quarter valued at about $244,000. Finally, Corton Capital Inc. acquired a new position in shares of LSI Industries in the 2nd quarter valued at about $253,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

Insider Buying and Selling

In other LSI Industries news, VP Thomas A. Caneris sold 7,544 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total transaction of $174,115.52. Following the completion of the sale, the vice president owned 114,016 shares of the company’s stock, valued at $2,631,489.28. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James E. Galeese sold 54,575 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $23.29, for a total value of $1,271,051.75. Following the transaction, the chief financial officer owned 173,288 shares in the company, valued at approximately $4,035,877.52. This trade represents a 23.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 94,780 shares of company stock worth $2,198,983. 7.30% of the stock is currently owned by insiders.

LSI Industries Stock Down 0.3%

LYTS stock opened at $18.40 on Friday. The firm has a market cap of $572.11 million, a PE ratio of 23.29 and a beta of 0.25. LSI Industries Inc. has a 1 year low of $13.77 and a 1 year high of $25.50. The company has a fifty day simple moving average of $22.47 and a 200 day simple moving average of $19.42. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 0.19.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share for the quarter. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%.The company had revenue of $97.02 million for the quarter. Sell-side analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 17th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, November 17th. LSI Industries’s dividend payout ratio (DPR) is presently 25.00%.

Analyst Ratings Changes

LYTS has been the topic of a number of research analyst reports. Canaccord Genuity Group boosted their price objective on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Craig Hallum reissued a “buy” rating and set a $28.00 target price on shares of LSI Industries in a research note on Friday, August 22nd. Weiss Ratings downgraded shares of LSI Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Wall Street Zen lowered LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.67.

LSI Industries Profile

LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.