Bank of Montreal Can Purchases Shares of 25,697 LSI Industries Inc. (NASDAQ:LYTS)

Bank of Montreal Can purchased a new stake in LSI Industries Inc. (NASDAQ:LYTS) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,697 shares of the construction company’s stock, valued at approximately $375,000. Bank of Montreal Can owned about 0.09% of LSI Industries at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LYTS. G2 Investment Partners Management LLC lifted its holdings in shares of LSI Industries by 23.5% in the 4th quarter. G2 Investment Partners Management LLC now owns 424,848 shares of the construction company’s stock worth $5,982,000 after buying an additional 80,818 shares during the period. Wellington Management Group LLP raised its position in shares of LSI Industries by 1.4% in the fourth quarter. Wellington Management Group LLP now owns 471,561 shares of the construction company’s stock worth $6,640,000 after acquiring an additional 6,500 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of LSI Industries by 54.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 89,483 shares of the construction company’s stock worth $1,353,000 after acquiring an additional 31,483 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in shares of LSI Industries during the 1st quarter valued at about $1,091,000. Finally, Cornerstone Investment Partners LLC purchased a new position in shares of LSI Industries in the 1st quarter valued at about $167,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Stock Down 1.0 %

NASDAQ:LYTS opened at $16.44 on Friday. The stock’s fifty day moving average is $15.46 and its two-hundred day moving average is $15.25. LSI Industries Inc. has a 52 week low of $11.44 and a 52 week high of $17.33. The company has a quick ratio of 1.16, a current ratio of 2.05 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $478.90 million, a price-to-earnings ratio of 17.68 and a beta of 0.87.

LSI Industries (NASDAQ:LYTS) last issued its earnings results 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. The firm had revenue of $129.01 million for the quarter, compared to analysts’ expectations of $127.28 million. LSI Industries had a net margin of 5.32% and a return on equity of 12.77%. Research analysts anticipate that LSI Industries Inc. will post 0.88 EPS 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 given a $0.05 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.20 dividend on an annualized basis and a yield of 1.22%. LSI Industries’s dividend payout ratio (DPR) is 21.51%.

Insider Activity at LSI Industries

In other LSI Industries 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 transaction of $142,028.36. Following the transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other LSI Industries news, CEO James Anthony Clark sold 33,331 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 value of $485,632.67. Following the completion of the transaction, the chief executive officer now directly owns 361,099 shares in the company, valued at $5,261,212.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas A. Caneris sold 9,748 shares of LSI Industries 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 $142,028.36. Following the sale, the vice president now directly owns 98,656 shares in the company, valued at approximately $1,437,417.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,903 shares of company stock worth $756,227 over the last three months. 7.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.