Bartlett & CO. Wealth Management LLC Buys Shares of 37,814 LSI Industries Inc. (NASDAQ:LYTS)

Bartlett & CO. Wealth Management LLC bought a new position in LSI Industries Inc. (NASDAQ:LYTS) in the third quarter, Holdings Channel.com reports. The firm bought 37,814 shares of the construction company’s stock, valued at approximately $611,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in LSI Industries by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,448,831 shares of the construction company’s stock valued at $21,906,000 after purchasing an additional 14,559 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of LSI Industries by 1.4% in the 4th quarter. Wellington Management Group LLP now owns 471,561 shares of the construction company’s stock valued at $6,640,000 after acquiring an additional 6,500 shares during the last quarter. First Eagle Investment Management LLC grew its position in LSI Industries by 12.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 446,722 shares of the construction company’s stock worth $6,464,000 after acquiring an additional 50,624 shares during the last quarter. Archon Capital Management LLC grew its position in LSI Industries by 3.0% during the 1st quarter. Archon Capital Management LLC now owns 394,760 shares of the construction company’s stock worth $5,969,000 after acquiring an additional 11,544 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in LSI Industries by 8.4% in the 1st quarter. Hillsdale Investment Management Inc. now owns 343,353 shares of the construction company’s stock worth $5,191,000 after purchasing an additional 26,600 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at LSI Industries

In other LSI Industries news, CFO James E. Galeese sold 8,824 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $14.57, for a total transaction of $128,565.68. Following the completion of the transaction, the chief financial officer now owns 145,631 shares in the company, valued at approximately $2,121,843.67. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO James Anthony Clark sold 33,331 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 $485,632.67. Following the completion of the sale, the chief executive officer now owns 361,099 shares of the company’s stock, valued at $5,261,212.43. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO James E. Galeese sold 8,824 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 $128,565.68. Following the sale, the chief financial officer now directly owns 145,631 shares of the company’s stock, valued at approximately $2,121,843.67. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,903 shares of company stock worth $756,227 over the last ninety days. Insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

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

LSI Industries Price Performance

LYTS stock opened at $16.72 on Monday. The company has a market capitalization of $487.05 million, a P/E ratio of 17.98 and a beta of 0.87. The company has a fifty day moving average price of $15.71 and a 200-day moving average price of $15.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 2.05. LSI Industries Inc. has a 52-week low of $11.44 and a 52-week high of $17.33.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, August 15th. The construction company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $129.01 million during the quarter, compared to the consensus estimate of $127.28 million. LSI Industries had a return on equity of 12.77% and a net margin of 5.32%. As a group, equities analysts expect that LSI Industries Inc. will post 0.88 EPS for the current year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Monday, August 26th. LSI Industries’s dividend payout ratio is currently 21.51%.

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.