SG Americas Securities LLC Makes New $183,000 Investment in LSI Industries Inc. (NASDAQ:LYTS)

SG Americas Securities LLC bought a new stake in shares of LSI Industries Inc. (NASDAQ:LYTS) during the 3rd quarter, Holdings Channel reports. The firm bought 11,355 shares of the construction company’s stock, valued at approximately $183,000.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of LSI Industries by 1.4% during the fourth quarter. Wellington Management Group LLP now owns 471,561 shares of the construction company’s stock valued at $6,640,000 after purchasing an additional 6,500 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in LSI Industries during the 1st quarter valued at $203,000. Janney Montgomery Scott LLC lifted its holdings in shares of LSI Industries by 9.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 43,879 shares of the construction company’s stock valued at $663,000 after buying an additional 3,614 shares during the period. Essex Investment Management Co. LLC lifted its holdings in shares of LSI Industries by 1.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 265,574 shares of the construction company’s stock valued at $4,015,000 after buying an additional 4,003 shares during the period. Finally, Swiss National Bank boosted its stake in shares of LSI Industries by 6.4% in the 1st quarter. Swiss National Bank now owns 51,400 shares of the construction company’s stock worth $777,000 after buying an additional 3,100 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at LSI Industries

In other LSI Industries news, CEO James Anthony Clark sold 33,331 shares of LSI Industries 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 transaction, the chief executive officer now owns 361,099 shares of the company’s stock, valued at $5,261,212.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other LSI Industries news, VP Thomas A. Caneris sold 9,748 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 $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 $1,437,417.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO James Anthony Clark sold 33,331 shares of LSI Industries 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 sale, the chief executive officer now owns 361,099 shares in the company, valued at approximately $5,261,212.43. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,903 shares of company stock worth $756,227. 7.30% of the stock is owned by company insiders.

LSI Industries Stock Performance

Shares of NASDAQ LYTS opened at $16.23 on Thursday. The company has a current ratio of 2.05, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25. LSI Industries Inc. has a 12-month low of $11.44 and a 12-month high of $17.33. The firm has a market capitalization of $472.78 million, a price-to-earnings ratio of 17.45 and a beta of 0.87. The firm has a 50 day moving average of $15.81 and a 200 day moving average of $15.34.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, August 15th. The construction company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $129.01 million during 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%. On average, research analysts anticipate that LSI Industries Inc. will post 0.88 earnings per share for the current year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a dividend of $0.05 per share. The ex-dividend date was Monday, August 26th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.23%. LSI Industries’s payout ratio is currently 21.51%.

LSI Industries Company Profile

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.