LSI Industries Inc. (NASDAQ:LYTS) CFO Sells $278,919.84 in Stock

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new stake in LSI Industries in the 1st quarter worth $31,000. Macquarie Group Ltd. acquired a new stake in LSI Industries during the 1st quarter worth $33,000. Lazard Asset Management LLC boosted its stake in LSI Industries by 112.8% during the 4th quarter. Lazard Asset Management LLC now owns 6,364 shares of the construction company’s stock worth $77,000 after purchasing an additional 3,373 shares during the last quarter. Virtu Financial LLC acquired a new stake in LSI Industries during the 4th quarter worth $132,000. Finally, American Century Companies Inc. acquired a new stake in LSI Industries during the 1st quarter worth $156,000. Hedge funds and other institutional investors own 59.72% of the company’s stock.

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

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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.