LSI Industries Inc. (NASDAQ:LYTS – Get Rating) CFO James E. Galeese sold 21,003 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $13.28, for a total transaction of $278,919.84. Following the transaction, the chief financial officer now directly owns 136,362 shares of the company’s stock, valued at $1,810,887.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
LSI Industries Price Performance
Shares of NASDAQ LYTS opened at $12.11 on Friday. The firm has a market cap of $343.56 million, a PE ratio of 15.53 and a beta of 1.08. The firm has a fifty day moving average of $12.91 and a 200 day moving average of $12.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.18 and a current ratio of 2.21. LSI Industries Inc. has a one year low of $5.41 and a one year high of $16.00.
LSI Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 16th. Investors of record on Monday, May 8th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Friday, May 5th. LSI Industries’s payout ratio is presently 25.64%.
Institutional Investors Weigh In On LSI Industries
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on LYTS shares. HC Wainwright lifted their target price on shares of LSI Industries from $16.50 to $20.00 and gave the company a “buy” rating in a report on Friday, January 27th. Canaccord Genuity Group lifted their target price on shares of LSI Industries from $12.00 to $16.00 and gave the company a “buy” rating in a report on Friday, January 27th. Finally, StockNews.com started coverage on shares of LSI Industries in a report on Thursday, May 18th. They set a “strong-buy” rating for the company. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $16.50.
LSI Industries Company Profile
LSI Industries, Inc engages in the provision a variety of lighting solutions. It operates through the following business segments: Lighting and Graphics. The Lighting segment manufactures and markets outdoor and indoor lighting for the commercial, industrial and multi-site retail markets, including the petroleum or convenience store market.
- Get a free copy of the StockNews.com research report on LSI Industries (LYTS)
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