Essex Investment Management Co. LLC Acquires 1,111 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Essex Investment Management Co. LLC raised its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 0.4% during the third quarter, Holdings Channel reports. The institutional investor owned 306,397 shares of the construction company’s stock after buying an additional 1,111 shares during the quarter. Essex Investment Management Co. LLC’s holdings in LSI Industries were worth $4,948,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Annex Advisory Services LLC acquired a new stake in shares of LSI Industries in the 1st quarter worth about $1,091,000. Johnson Investment Counsel Inc. purchased a new stake in shares of LSI Industries in the second quarter worth approximately $1,691,000. First Eagle Investment Management LLC lifted its holdings in shares of LSI Industries by 39.9% in the first quarter. First Eagle Investment Management LLC now owns 396,098 shares of the construction company’s stock valued at $5,989,000 after purchasing an additional 112,956 shares in the last quarter. TrueMark Investments LLC purchased a new position in shares of LSI Industries during the second quarter valued at approximately $273,000. Finally, Principal Financial Group Inc. bought a new stake in LSI Industries during the first quarter worth $203,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and set a $20.00 price objective on shares of LSI Industries in a report on Friday, August 16th.

Insider Buying and Selling

In other news, CEO James Anthony Clark sold 33,331 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $14.57, for a total transaction of $485,632.67. Following the completion of the transaction, the chief executive officer now directly owns 361,099 shares of the company’s stock, valued at $5,261,212.43. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO James Anthony Clark sold 33,331 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $485,632.67. Following the transaction, the chief executive officer now owns 361,099 shares of the company’s stock, valued at $5,261,212.43. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas A. Caneris sold 9,748 shares of LSI Industries stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $142,028.36. Following the completion of the sale, the vice president now directly owns 98,656 shares of the company’s stock, valued at approximately $1,437,417.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,903 shares of company stock worth $756,227. Insiders own 7.30% of the company’s stock.

LSI Industries Stock Performance

Shares of LSI Industries stock traded up $0.29 during mid-day trading on Friday, hitting $16.73. 82,649 shares of the stock were exchanged, compared to its average volume of 111,255. LSI Industries Inc. has a 12 month low of $11.44 and a 12 month high of $17.33. The company has a 50-day simple moving average of $15.49 and a 200 day simple moving average of $15.27. The company has a market capitalization of $487.34 million, a P/E ratio of 17.99 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 2.05.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, August 15th. The construction company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $129.01 million for the quarter, compared to analyst estimates of $127.28 million. LSI Industries had a return on equity of 12.77% and a net margin of 5.32%. Sell-side analysts anticipate that LSI Industries Inc. will post 0.88 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.20 annualized dividend and a yield of 1.20%. LSI Industries’s payout ratio is currently 21.51%.

About LSI Industries

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.