Goldman Sachs Group Inc. trimmed its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 54.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,204 shares of the construction company’s stock after selling 60,833 shares during the quarter. Goldman Sachs Group Inc. owned about 0.20% of LSI Industries worth $455,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in LSI Industries by 3.5% during the first quarter. Vanguard Group Inc. now owns 945,777 shares of the construction company’s stock worth $9,543,000 after acquiring an additional 32,383 shares during the period. Geode Capital Management LLC increased its position in LSI Industries by 1.9% during the first quarter. Geode Capital Management LLC now owns 190,663 shares of the construction company’s stock worth $1,922,000 after acquiring an additional 3,593 shares during the period. Systematic Financial Management LP bought a new position in LSI Industries during the second quarter worth about $5,914,000. Dimensional Fund Advisors LP increased its position in LSI Industries by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,772,789 shares of the construction company’s stock worth $17,887,000 after acquiring an additional 33,638 shares during the period. Finally, Northpointe Capital LLC increased its position in LSI Industries by 6.0% during the second quarter. Northpointe Capital LLC now owns 587,896 shares of the construction company’s stock worth $5,320,000 after acquiring an additional 33,197 shares during the period. 71.99% of the stock is currently owned by institutional investors and hedge funds.
LSI Industries Inc. (NASDAQ:LYTS) opened at $6.82 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.64 and a debt-to-equity ratio of 0.36. LSI Industries Inc. has a 1-year low of $4.99 and a 1-year high of $10.68. The company has a market cap of $173.58, a PE ratio of 33.65, a price-to-earnings-growth ratio of 1.35 and a beta of 1.69.
LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, October 26th. The construction company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. LSI Industries had a negative net margin of 4.02% and a positive return on equity of 3.27%. The firm had revenue of $87.47 million for the quarter, compared to analyst estimates of $82.45 million. During the same period last year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. equities research analysts predict that LSI Industries Inc. will post 0.2 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Monday, November 6th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Friday, November 3rd. LSI Industries’s dividend payout ratio is currently -38.46%.
A number of equities analysts recently commented on LYTS shares. Canaccord Genuity reaffirmed a “buy” rating and set a $9.00 price target on shares of LSI Industries in a research report on Monday, August 7th. Zacks Investment Research raised shares of LSI Industries from a “hold” rating to a “buy” rating and set a $7.50 target price on the stock in a report on Wednesday, November 1st. TheStreet lowered shares of LSI Industries from a “b-” rating to a “c+” rating in a report on Thursday, August 10th. Finally, Roth Capital lowered shares of LSI Industries to a “hold” rating and set a $6.00 target price on the stock. in a report on Thursday, August 17th.
In other news, VP James E. Galeese bought 16,700 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were purchased at an average cost of $6.01 per share, with a total value of $100,367.00. Following the acquisition, the vice president now directly owns 330 shares in the company, valued at $1,983.30. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP James E. Galeese bought 9,025 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased at an average cost of $5.53 per share, for a total transaction of $49,908.25. Following the completion of the acquisition, the vice president now owns 824 shares in the company, valued at $4,556.72. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 42,525 shares of company stock worth $249,675. Insiders own 6.37% of the company’s stock.
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About LSI Industries
LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.
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