Renaissance Technologies LLC Sells 2,000 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Renaissance Technologies LLC lowered its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 828,262 shares of the construction company’s stock after selling 2,000 shares during the period. Renaissance Technologies LLC owned about 2.84% of LSI Industries worth $11,985,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Swiss National Bank purchased a new position in shares of LSI Industries during the 4th quarter valued at about $680,000. G2 Investment Partners Management LLC raised its stake in shares of LSI Industries by 23.5% during the fourth quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock worth $5,982,000 after acquiring an additional 80,818 shares in the last quarter. Annex Advisory Services LLC purchased a new position in shares of LSI Industries during the first quarter worth approximately $1,091,000. Johnson Investment Counsel Inc. bought a new stake in shares of LSI Industries in the 2nd quarter worth approximately $1,691,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of LSI Industries by 39.9% in the 1st 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 in the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Trading Up 0.2 %

Shares of LYTS stock opened at $16.04 on Monday. The business has a 50-day moving average of $15.42 and a 200 day moving average of $15.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.17 and a quick ratio of 1.25. 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 quarterly earnings data on Thursday, August 15th. The construction company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. LSI Industries had a return on equity of 12.97% and a net margin of 5.32%. The firm had revenue of $129.01 million during the quarter, compared to the consensus estimate of $127.28 million. As a group, sell-side analysts anticipate that LSI Industries Inc. will post 0.88 earnings per share for the current year.

LSI Industries Announces Dividend

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at LSI Industries

In other news, VP Thomas A. Caneris sold 9,748 shares of the stock in a transaction dated 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 directly owns 98,656 shares in the company, valued at $1,437,417.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Thomas A. Caneris sold 9,748 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $142,028.36. Following the transaction, the vice president now owns 98,656 shares in the company, valued at approximately $1,437,417.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James E. Galeese sold 8,824 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $128,565.68. Following the completion of the sale, the chief financial officer now owns 145,631 shares of the company’s stock, valued at approximately $2,121,843.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,903 shares of company stock worth $756,227. 7.30% of the stock is currently owned by company insiders.

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.