Acadian Asset Management LLC Cuts Position in LSI Industries Inc. (NASDAQ:LYTS)

Acadian Asset Management LLC lessened its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 76.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,464 shares of the construction company’s stock after selling 43,868 shares during the period. Acadian Asset Management LLC’s holdings in LSI Industries were worth $194,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of LSI Industries by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 1,448,831 shares of the construction company’s stock worth $21,906,000 after acquiring an additional 14,559 shares in the last quarter. Wellington Management Group LLP lifted its stake in LSI Industries by 1.4% during the fourth quarter. Wellington Management Group LLP now owns 471,561 shares of the construction company’s stock worth $6,640,000 after purchasing an additional 6,500 shares during the last quarter. G2 Investment Partners Management LLC boosted its holdings in LSI Industries by 23.5% in the fourth quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock valued at $5,982,000 after purchasing an additional 80,818 shares in the last quarter. First Eagle Investment Management LLC increased its stake in LSI Industries by 39.9% in the first quarter. First Eagle Investment Management LLC now owns 396,098 shares of the construction company’s stock valued at $5,989,000 after purchasing an additional 112,956 shares during the last quarter. Finally, Archon Capital Management LLC raised its holdings in LSI Industries by 3.0% during the first quarter. Archon Capital Management LLC now owns 394,760 shares of the construction company’s stock worth $5,969,000 after purchasing an additional 11,544 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Stock Up 0.2 %

Shares of NASDAQ LYTS opened at $16.04 on Friday. The business has a 50-day moving average price of $15.42 and a 200 day moving average price of $15.09. The stock has a market cap of $467.25 million, a PE ratio of 17.25 and a beta of 0.87. The company has a quick ratio of 1.25, a current ratio of 2.17 and a debt-to-equity ratio of 0.07. LSI Industries Inc. has a 52-week low of $11.44 and a 52-week high of $17.33.

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, August 15th. The construction company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $129.01 million during the quarter, compared to the consensus estimate of $127.28 million. LSI Industries had a return on equity of 12.97% and a net margin of 5.32%. Equities research analysts forecast that LSI Industries Inc. will post 0.88 earnings per share for the current year.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.25%. The ex-dividend date was Monday, August 26th. LSI Industries’s payout ratio is currently 21.51%.

Insider Buying and Selling

In other news, CEO James Anthony Clark sold 33,331 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $485,632.67. Following the completion of the transaction, the chief executive officer now owns 361,099 shares in the company, valued at $5,261,212.43. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Thomas A. Caneris sold 9,748 shares of LSI Industries stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $142,028.36. Following the completion of the transaction, the vice president now directly owns 98,656 shares in the company, valued at approximately $1,437,417.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James Anthony Clark sold 33,331 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 361,099 shares in the company, valued at approximately $5,261,212.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,903 shares of company stock valued at $756,227. 7.30% of the stock is owned by insiders.

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 research report on Friday, August 16th.

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.