LSI Industries, Inc. (NASDAQ:LYTS) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 534,400 shares, a decrease of 10.2% from the August 31st total of 595,400 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily volume of 152,200 shares, the short-interest ratio is presently 3.5 days.
NASDAQ LYTS traded down $0.04 on Friday, reaching $6.75. 34,335 shares of the company’s stock traded hands, compared to its average volume of 145,118. LSI Industries has a 12 month low of $2.50 and a 12 month high of $7.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.48 and a quick ratio of 1.33. The stock has a 50-day simple moving average of $6.78 and a 200 day simple moving average of $5.86. The stock has a market cap of $177.80 million, a PE ratio of 18.24, a P/E/G ratio of 0.99 and a beta of 2.15.
LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, August 20th. The construction company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. LSI Industries had a net margin of 3.14% and a return on equity of 2.58%. The business had revenue of $63.47 million for the quarter, compared to analysts’ expectations of $65.02 million. As a group, analysts anticipate that LSI Industries will post 0.27 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.96%. The ex-dividend date was Friday, August 28th. LSI Industries’s dividend payout ratio is 166.67%.
Separately, Zacks Investment Research upgraded shares of LSI Industries from a “hold” rating to a “buy” rating and set a $7.75 price target on the stock in a research report on Thursday.
Several institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of LSI Industries by 19.9% in the first quarter. PNC Financial Services Group Inc. now owns 11,450 shares of the construction company’s stock worth $44,000 after purchasing an additional 1,900 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of LSI Industries by 2.4% in the second quarter. Bank of America Corp DE now owns 119,112 shares of the construction company’s stock worth $771,000 after purchasing an additional 2,754 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of LSI Industries by 4.2% in the second quarter. Two Sigma Advisers LP now owns 77,500 shares of the construction company’s stock worth $501,000 after purchasing an additional 3,100 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of LSI Industries by 11.4% in the first quarter. Wells Fargo & Company MN now owns 34,856 shares of the construction company’s stock worth $132,000 after purchasing an additional 3,568 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in shares of LSI Industries by 77.7% in the second quarter. Public Employees Retirement System of Ohio now owns 9,748 shares of the construction company’s stock worth $63,000 after purchasing an additional 4,263 shares during the last quarter. Hedge funds and other institutional investors own 70.83% of the company’s stock.
About LSI Industries
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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