SG Americas Securities LLC Makes New $183,000 Investment in LSI Industries Inc. (NASDAQ:LYTS)

SG Americas Securities LLC acquired a new stake in shares of LSI Industries Inc. (NASDAQ:LYTS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,355 shares of the construction company’s stock, valued at approximately $183,000.

Other large investors have also recently modified their holdings of the company. Quest Partners LLC bought a new position in shares of LSI Industries in the second quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of LSI Industries by 87.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,740 shares of the construction company’s stock worth $126,000 after purchasing an additional 4,065 shares during the last quarter. Squarepoint Ops LLC purchased a new position in LSI Industries during the 2nd quarter valued at about $191,000. Principal Financial Group Inc. purchased a new position in shares of LSI Industries during the first quarter valued at approximately $203,000. Finally, Simplicity Wealth LLC purchased a new stake in LSI Industries in the second quarter worth $250,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Down 1.1 %

Shares of NASDAQ:LYTS opened at $16.23 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 2.05. The firm has a market capitalization of $472.78 million, a P/E ratio of 17.45 and a beta of 0.87. The stock has a 50 day moving average price of $15.81 and a 200-day moving average price of $15.34. 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 quarterly earnings results on Thursday, August 15th. The construction company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. LSI Industries had a net margin of 5.32% and a return on equity of 12.77%. The company had revenue of $129.01 million during the quarter, compared to analysts’ expectations of $127.28 million. As a group, equities research analysts anticipate that LSI Industries Inc. will post 0.88 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders 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 dividend yield of 1.23%. LSI Industries’s dividend payout ratio is currently 21.51%.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, VP Thomas A. Caneris sold 9,748 shares of the firm’s 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 owns 98,656 shares of the company’s stock, valued at $1,437,417.92. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other 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 value of $142,028.36. Following the sale, the vice president now directly owns 98,656 shares of the company’s stock, valued at approximately $1,437,417.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO James E. Galeese sold 8,824 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 value of $128,565.68. Following the transaction, the chief financial officer now owns 145,631 shares of the company’s stock, valued at $2,121,843.67. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,903 shares of company stock worth $756,227 in the last 90 days. Insiders own 7.30% of the company’s stock.

LSI Industries 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.