Y Intercept Hong Kong Ltd Buys New Shares in LSI Industries Inc. $LYTS

Y Intercept Hong Kong Ltd bought a new stake in LSI Industries Inc. (NASDAQ:LYTS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 27,828 shares of the construction company’s stock, valued at approximately $473,000. Y Intercept Hong Kong Ltd owned 0.09% of LSI Industries as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in shares of LSI Industries during the 1st quarter valued at $1,432,000. Knights of Columbus Asset Advisors LLC lifted its stake in shares of LSI Industries by 160.9% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 118,035 shares of the construction company’s stock worth $2,007,000 after purchasing an additional 72,801 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of LSI Industries by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,624,265 shares of the construction company’s stock worth $27,613,000 after buying an additional 47,341 shares during the period. Jane Street Group LLC acquired a new stake in shares of LSI Industries in the first quarter valued at about $560,000. Finally, Crestwood Advisors Group LLC acquired a new stake in shares of LSI Industries in the first quarter valued at about $451,000. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Trading Down 10.2%

NASDAQ:LYTS opened at $20.65 on Friday. The firm has a market capitalization of $631.23 million, a P/E ratio of 26.14 and a beta of 0.25. The business has a 50 day simple moving average of $22.95 and a 200 day simple moving average of $19.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.99 and a quick ratio of 1.17. LSI Industries Inc. has a 12-month low of $13.77 and a 12-month high of $25.50.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share (EPS) for the quarter. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. The company had revenue of $97.02 million during the quarter. Equities research analysts predict that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 17th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, November 17th. LSI Industries’s dividend payout ratio is currently 25.32%.

Insider Activity

In related news, CFO James E. Galeese sold 54,575 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $23.29, for a total transaction of $1,271,051.75. Following the completion of the sale, the chief financial officer directly owned 173,288 shares in the company, valued at approximately $4,035,877.52. This trade represents a 23.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James Anthony Clark sold 26,597 shares of LSI Industries stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total transaction of $613,858.76. Following the sale, the chief executive officer directly owned 421,313 shares of the company’s stock, valued at $9,723,904.04. This trade represents a 5.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 94,780 shares of company stock worth $2,198,983 in the last 90 days. Company insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LYTS shares. Wall Street Zen raised LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 24th. Canaccord Genuity Group raised their price target on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 25th. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday. Craig Hallum restated a “buy” rating and set a $28.00 target price on shares of LSI Industries in a research note on Friday, August 22nd. Finally, Weiss Ratings upgraded LSI Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Saturday, October 25th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, LSI Industries presently has a consensus rating of “Moderate Buy” and an average price target of $27.67.

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.