James Galeese Sells 136,578 Shares of LSI Industries (NASDAQ:LYTS) Stock

LSI Industries Inc. (NASDAQ:LYTS) CFO James Galeese sold 136,578 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the transaction, the chief financial officer directly owned 173,288 shares in the company, valued at $4,209,165.52. The trade was a 44.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

LSI Industries Stock Down 0.0%

NASDAQ:LYTS opened at $24.09 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. The company has a market capitalization of $884.34 million, a price-to-earnings ratio of 32.12 and a beta of 0.53. LSI Industries Inc. has a one year low of $15.99 and a one year high of $24.99. The stock has a 50-day simple moving average of $21.54 and a 200 day simple moving average of $20.49.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.34). LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The firm had revenue of $150.53 million for the quarter, compared to analyst estimates of $163.53 million. Sell-side analysts predict that LSI Industries Inc. will post 0.81 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Investors of record on Monday, May 4th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 4th. LSI Industries’s dividend payout ratio is currently 26.67%.

Analyst Ratings Changes

A number of equities analysts have commented on LYTS shares. Wall Street Zen downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Zacks Research raised shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings downgraded shares of LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.33.

Institutional Trading of LSI Industries

Several hedge funds have recently made changes to their positions in LYTS. Bailard Inc. grew its stake in LSI Industries by 3.4% during the 4th quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock worth $280,000 after buying an additional 500 shares during the last quarter. Quantinno Capital Management LP increased its position in LSI Industries by 1.2% in the first quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock worth $858,000 after buying an additional 536 shares during the period. New York State Teachers Retirement System lifted its stake in LSI Industries by 28.5% in the first quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock valued at $46,000 after buying an additional 554 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of LSI Industries by 57.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock valued at $31,000 after acquiring an additional 625 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of LSI Industries by 11.8% during the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock valued at $102,000 after acquiring an additional 635 shares during the period. Institutional investors own 73.91% of the company’s stock.

About LSI Industries

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.