Annex Advisory Services LLC grew its holdings in LSI Industries Inc. (NASDAQ:LYTS – Free Report) by 32.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 106,283 shares of the construction company’s stock after buying an additional 25,982 shares during the period. Annex Advisory Services LLC owned 0.36% of LSI Industries worth $1,716,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in LYTS. Wellington Management Group LLP raised its position in LSI Industries by 1.4% during the 4th quarter. Wellington Management Group LLP now owns 471,561 shares of the construction company’s stock worth $6,640,000 after buying an additional 6,500 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in LSI Industries by 54.3% in the first quarter. Los Angeles Capital Management LLC now owns 89,483 shares of the construction company’s stock valued at $1,353,000 after acquiring an additional 31,483 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of LSI Industries during the 1st quarter worth $203,000. Janney Montgomery Scott LLC increased its holdings in shares of LSI Industries by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 43,879 shares of the construction company’s stock valued at $663,000 after purchasing an additional 3,614 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its stake in shares of LSI Industries by 1.5% in the first quarter. Essex Investment Management Co. LLC now owns 265,574 shares of the construction company’s stock valued at $4,015,000 after purchasing an additional 4,003 shares during the period. Institutional investors and hedge funds own 73.91% of the company’s stock.
LSI Industries Stock Up 1.8 %
LSI Industries stock opened at $16.73 on Monday. LSI Industries Inc. has a fifty-two week low of $11.44 and a fifty-two week high of $17.33. The firm has a market capitalization of $487.34 million, a price-to-earnings ratio of 17.99 and a beta of 0.87. The stock’s fifty day moving average is $15.49 and its two-hundred day moving average is $15.27. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 2.05.
LSI Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.20 annualized dividend and a dividend yield of 1.20%. LSI Industries’s payout ratio is currently 21.51%.
Insider Buying and Selling
In related news, VP Thomas A. Caneris sold 9,748 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $142,028.36. Following the completion of the sale, the vice president now directly owns 98,656 shares in the company, valued at approximately $1,437,417.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other LSI Industries news, CEO James Anthony Clark sold 33,331 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 361,099 shares in the company, valued at $5,261,212.43. The trade was 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, VP Thomas A. Caneris sold 9,748 shares of the firm’s 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 sale, the vice president now owns 98,656 shares of the company’s stock, valued at $1,437,417.92. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,903 shares of company stock valued at $756,227. Insiders own 7.30% of the company’s stock.
Wall Street Analyst Weigh In
Separately, HC Wainwright reaffirmed a “buy” rating and issued a $20.00 target price on shares of LSI Industries in a report on Friday, August 16th.
Read Our Latest Analysis on LSI Industries
LSI Industries 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.
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