Acadian Asset Management LLC Trims Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Acadian Asset Management LLC lessened its position in LSI Industries Inc. (NASDAQ:LYTS) by 76.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other institutional investors and hedge funds have also modified their holdings of LYTS. Swiss National Bank acquired a new position in LSI Industries in the 4th quarter valued at $680,000. BNP Paribas Financial Markets grew its position in shares of LSI Industries by 25.5% in the fourth quarter. BNP Paribas Financial Markets now owns 30,567 shares of the construction company’s stock valued at $430,000 after purchasing an additional 6,203 shares during the period. Janney Montgomery Scott LLC increased its stake in LSI Industries by 12.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,265 shares of the construction company’s stock valued at $567,000 after purchasing an additional 4,531 shares during the last quarter. Trexquant Investment LP increased its stake in LSI Industries by 141.7% in the fourth quarter. Trexquant Investment LP now owns 73,183 shares of the construction company’s stock valued at $1,030,000 after purchasing an additional 42,910 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in LSI Industries by 10.0% during the fourth quarter. Franklin Resources Inc. now owns 179,763 shares of the construction company’s stock worth $2,531,000 after buying an additional 16,300 shares during the period. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Insiders Place Their Bets

In other news, CFO James E. Galeese sold 8,824 shares of LSI Industries stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.57, for a total value of $128,565.68. Following the completion of the transaction, the chief financial officer now directly owns 145,631 shares of the company’s stock, valued at approximately $2,121,843.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other LSI Industries news, CEO James Anthony Clark sold 33,331 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 $485,632.67. Following the sale, the chief executive officer now directly owns 361,099 shares of the company’s stock, valued at $5,261,212.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO James E. Galeese sold 8,824 shares of the company’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 $128,565.68. Following the transaction, 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 three months, insiders have sold 51,903 shares of company stock valued at $756,227. Company insiders own 7.30% of the company’s stock.

LSI Industries Price Performance

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

LSI Industries (NASDAQ:LYTS) last issued its earnings results on Thursday, August 15th. The construction company reported $0.19 EPS for the quarter, topping 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 company had revenue of $129.01 million during the quarter, compared to analyst estimates of $127.28 million. Equities analysts expect that LSI Industries Inc. will post 0.88 EPS for the current fiscal year.

LSI Industries Announces Dividend

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

Wall Street Analyst Weigh In

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

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.