LSI Industries Inc. (NASDAQ:LYTS) Short Interest Update

LSI Industries Inc. (NASDAQ:LYTS) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 601,500 shares, a growth of 24.2% from the August 15th total of 484,300 shares. Based on an average daily trading volume, of 122,500 shares, the short-interest ratio is presently 4.9 days. Approximately 2.4% of the shares of the company are short sold.

Insider Activity

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

Institutional Investors Weigh In On LSI Industries

Institutional investors have recently made changes to their positions in the business. Johnson Investment Counsel Inc. bought a new position in LSI Industries during the 2nd quarter worth approximately $1,691,000. First Eagle Investment Management LLC boosted its position in LSI Industries by 39.9% during the 1st quarter. First Eagle Investment Management LLC now owns 396,098 shares of the construction company’s stock valued at $5,989,000 after buying an additional 112,956 shares during the period. American Century Companies Inc. grew its holdings in LSI Industries by 38.2% in the 2nd quarter. American Century Companies Inc. now owns 342,355 shares of the construction company’s stock worth $4,954,000 after acquiring an additional 94,564 shares during the last quarter. G2 Investment Partners Management LLC grew its holdings in LSI Industries by 23.5% in the 4th quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock worth $5,982,000 after acquiring an additional 80,818 shares during the last quarter. Finally, Annex Advisory Services LLC purchased a new position in shares of LSI Industries in the first quarter valued at about $1,091,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Price Performance

Shares of LSI Industries stock traded up $0.15 on Tuesday, hitting $15.52. 116,090 shares of the company traded hands, compared to its average volume of 111,426. LSI Industries has a 12-month low of $11.44 and a 12-month high of $17.33. The company has a current ratio of 2.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.07. The company has a market cap of $452.10 million, a P/E ratio of 16.53 and a beta of 0.87. The firm’s 50-day simple moving average is $15.32 and its 200 day simple moving average is $15.06.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, August 15th. The construction company reported $0.19 earnings per share (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 12.97% and a net margin of 5.32%. Analysts expect that LSI Industries will post 0.88 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Monday, August 26th. LSI Industries’s dividend payout ratio (DPR) is presently 21.51%.

Wall Street Analyst Weigh In

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

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.