Adirondack Research & Management Inc. lowered its position in shares of LSI Industries, Inc. (NASDAQ:LYTS) by 3.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,516 shares of the construction company’s stock after selling 12,321 shares during the period. LSI Industries makes up about 3.4% of Adirondack Research & Management Inc.’s investment portfolio, making the stock its 7th largest position. Adirondack Research & Management Inc. owned approximately 1.52% of LSI Industries worth $2,572,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management increased its stake in shares of LSI Industries by 65.0% in the second quarter. Ritholtz Wealth Management now owns 28,852 shares of the construction company’s stock worth $187,000 after buying an additional 11,362 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of LSI Industries by 6.9% in the first quarter. Geode Capital Management LLC now owns 198,960 shares of the construction company’s stock worth $751,000 after buying an additional 12,881 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in LSI Industries by 30.1% in the first quarter. WINTON GROUP Ltd now owns 31,157 shares of the construction company’s stock worth $118,000 after purchasing an additional 7,201 shares during the period. Strs Ohio acquired a new position in LSI Industries in the second quarter worth $213,000. Finally, SG Americas Securities LLC acquired a new position in LSI Industries in the second quarter worth $90,000. Institutional investors own 70.83% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of LSI Industries from a “buy” rating to a “hold” rating in a report on Tuesday, September 1st.
Shares of LYTS traded down $0.17 during midday trading on Friday, hitting $6.46. 75,404 shares of the stock traded hands, compared to its average volume of 96,816. The firm has a market capitalization of $169.21 million, a PE ratio of 17.46, a price-to-earnings-growth ratio of 0.98 and a beta of 2.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.33 and a current ratio of 2.45. The business’s 50 day moving average price is $6.50 and its two-hundred day moving average price is $5.81. LSI Industries, Inc. has a 1-year low of $2.50 and a 1-year high of $7.45.
LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, August 20th. The construction company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.11. LSI Industries had a return on equity of 2.59% and a net margin of 3.14%. As a group, equities research analysts forecast that LSI Industries, Inc. will post 0.27 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Friday, August 28th. LSI Industries’s dividend payout ratio is currently 166.67%.
LSI Industries Company Profile
LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.
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