Quest Partners LLC Invests $28,000 in LSI Industries Inc. (NASDAQ:LYTS)

Quest Partners LLC acquired a new stake in LSI Industries Inc. (NASDAQ:LYTS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,925 shares of the construction company’s stock, valued at approximately $28,000.

A number of other large investors also recently bought and sold shares of LYTS. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of LSI Industries by 87.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,740 shares of the construction company’s stock valued at $126,000 after acquiring an additional 4,065 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new position in shares of LSI Industries during the 1st quarter worth approximately $167,000. Principal Financial Group Inc. acquired a new stake in LSI Industries in the 1st quarter valued at approximately $203,000. Simplicity Wealth LLC purchased a new stake in LSI Industries in the second quarter valued at approximately $250,000. Finally, TrueMark Investments LLC purchased a new stake in LSI Industries in the second quarter valued at approximately $273,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Stock Up 0.2 %

Shares of LYTS opened at $16.04 on Friday. The company’s 50-day simple moving average is $15.42 and its 200-day simple moving average is $15.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 2.17. LSI Industries Inc. has a 1 year low of $11.44 and a 1 year high of $17.33. The stock has a market capitalization of $467.25 million, a PE ratio of 17.25 and a beta of 0.87.

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

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 paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Monday, August 26th. LSI Industries’s payout ratio is currently 21.51%.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $20.00 price objective on shares of LSI Industries in a research note on Friday, August 16th.

Insider Activity at LSI Industries

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

About LSI Industries

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.