Systematic Financial Management LP Lowers Position in LSI Industries Inc. (NASDAQ:LYTS)

Systematic Financial Management LP decreased its stake in LSI Industries Inc. (NASDAQ:LYTS) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,276,960 shares of the construction company’s stock after selling 87,227 shares during the quarter. LSI Industries makes up 1.0% of Systematic Financial Management LP’s portfolio, making the stock its 18th biggest holding. Systematic Financial Management LP owned 7.82% of LSI Industries worth $32,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LYTS. Price T Rowe Associates Inc. MD lifted its stake in shares of LSI Industries by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,770 shares of the construction company’s stock valued at $345,000 after buying an additional 993 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of LSI Industries by 10.4% in the second quarter. Principal Financial Group Inc. now owns 14,793 shares of the construction company’s stock valued at $214,000 after acquiring an additional 1,398 shares in the last quarter. Quest Partners LLC purchased a new position in shares of LSI Industries in the second quarter valued at about $28,000. Swiss National Bank boosted its stake in shares of LSI Industries by 6.4% in the first quarter. Swiss National Bank now owns 51,400 shares of the construction company’s stock worth $777,000 after acquiring an additional 3,100 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of LSI Industries by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 43,879 shares of the construction company’s stock worth $663,000 after purchasing an additional 3,614 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

Insider Buying and Selling

In other news, VP Thomas A. Caneris sold 9,748 shares of the business’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 transaction, 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 SEC, which is accessible through the SEC website. In related news, VP Thomas A. Caneris sold 9,748 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 transaction of $142,028.36. Following the completion of the transaction, the vice president now directly 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 SEC, which is available through the SEC website. Also, CEO James Anthony Clark sold 33,331 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.57, for a total transaction of $485,632.67. Following the transaction, the chief executive officer now owns 361,099 shares in the company, valued at $5,261,212.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,903 shares of company stock worth $756,227. Corporate insiders own 7.30% of the company’s stock.

LSI Industries Stock Performance

NASDAQ:LYTS opened at $15.93 on Friday. The company has a market cap of $464.04 million, a price-to-earnings ratio of 17.13 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 stock’s 50 day simple moving average is $15.44 and its two-hundred day simple moving average is $15.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.05 and a quick ratio of 1.16.

LSI Industries (NASDAQ:LYTS) last announced its quarterly 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 12.77%. The company had revenue of $129.01 million for the quarter, compared to analysts’ expectations of $127.28 million. As a group, equities analysts anticipate that LSI Industries Inc. will post 0.88 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Monday, August 26th. LSI Industries’s payout ratio is 21.51%.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reissued a “buy” rating and issued a $20.00 price target 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.