LSI Industries Inc. (NASDAQ:LYTS) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lowered its stake in LSI Industries Inc. (NASDAQ:LYTS) by 49.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the construction company’s stock after selling 7,800 shares during the quarter. Denali Advisors LLC’s holdings in LSI Industries were worth $121,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. New York State Teachers Retirement System purchased a new stake in shares of LSI Industries in the 4th quarter valued at about $35,000. SG Americas Securities LLC acquired a new stake in shares of LSI Industries during the fourth quarter worth about $121,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of LSI Industries during the fourth quarter worth about $145,000. BNP Paribas Financial Markets raised its stake in LSI Industries by 25.5% during the 4th quarter. BNP Paribas Financial Markets now owns 30,567 shares of the construction company’s stock valued at $430,000 after acquiring an additional 6,203 shares during the last quarter. Finally, Citigroup Inc. lifted its position in LSI Industries by 66.6% during the 3rd quarter. Citigroup Inc. now owns 29,349 shares of the construction company’s stock worth $466,000 after acquiring an additional 11,731 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LSI Industries

In other LSI Industries news, CFO James E. Galeese sold 2,122 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $15.10, for a total transaction of $32,042.20. Following the completion of the sale, the chief financial officer now owns 104,050 shares in the company, valued at $1,571,155. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.70% of the company’s stock.

Wall Street Analyst Weigh In

LYTS has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price objective on shares of LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 26th. HC Wainwright reissued a “buy” rating and set a $20.00 target price on shares of LSI Industries in a research note on Monday, April 22nd.

LSI Industries Price Performance

NASDAQ:LYTS traded down $0.25 during mid-day trading on Wednesday, hitting $14.16. 72,635 shares of the company’s stock traded hands, compared to its average volume of 105,173. LSI Industries Inc. has a 1 year low of $11.44 and a 1 year high of $16.97. The company has a market cap of $412.48 million, a PE ratio of 15.23 and a beta of 0.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 2.17. The firm’s 50 day simple moving average is $15.20 and its 200 day simple moving average is $14.58.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, April 25th. The construction company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $108.19 million for the quarter, compared to the consensus estimate of $105.71 million. LSI Industries had a net margin of 5.97% and a return on equity of 14.68%. Sell-side analysts expect that LSI Industries Inc. will post 0.82 EPS for the current year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Monday, May 6th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, May 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 21.51%.

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.