Insider Selling: LSI Industries (NASDAQ:LYTS) Director Sells $249,789.21 in Stock

LSI Industries Inc. (NASDAQ:LYTS) Director Wilfred Ogara sold 10,369 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $24.09, for a total value of $249,789.21. Following the completion of the transaction, the director owned 103,686 shares of the company’s stock, valued at approximately $2,497,795.74. This represents a 9.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

LSI Industries Stock Down 5.2%

LYTS stock opened at $22.84 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $21.70 and a two-hundred day moving average price of $20.56. The company has a market cap of $838.46 million, a price-to-earnings ratio of 30.45 and a beta of 0.53. LSI Industries Inc. has a twelve month low of $16.00 and a twelve month high of $24.99.

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

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Monday, May 4th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Monday, May 4th. LSI Industries’s dividend payout ratio (DPR) is currently 26.67%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LYTS. Wall Street Zen downgraded LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings downgraded LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 22nd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LYTS. AQR Capital Management LLC boosted its stake in shares of LSI Industries by 26.7% during the 1st quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock worth $1,039,000 after acquiring an additional 12,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of LSI Industries by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after acquiring an additional 1,113 shares during the period. Jane Street Group LLC acquired a new stake in LSI Industries during the 1st quarter worth approximately $560,000. Strs Ohio acquired a new stake in LSI Industries during the 1st quarter worth approximately $34,000. Finally, Quantbot Technologies LP lifted its holdings in LSI Industries by 133.3% during the 2nd quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock worth $95,000 after purchasing an additional 3,206 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors.

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.