Allspring Global Investments Holdings LLC Sells 8,028 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Allspring Global Investments Holdings LLC decreased its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 15.2% in the third quarter, Holdings Channel.com reports. The firm owned 44,960 shares of the construction company’s stock after selling 8,028 shares during the period. Allspring Global Investments Holdings LLC’s holdings in LSI Industries were worth $726,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Johnson Investment Counsel Inc. purchased a new position in shares of LSI Industries during the 2nd quarter worth $1,691,000. First Eagle Investment Management LLC increased its holdings in LSI Industries by 39.9% in the 1st quarter. First Eagle Investment Management LLC now owns 396,098 shares of the construction company’s stock valued at $5,989,000 after acquiring an additional 112,956 shares during the last quarter. American Century Companies Inc. increased its holdings in LSI Industries by 38.2% in the 2nd quarter. American Century Companies Inc. now owns 342,355 shares of the construction company’s stock valued at $4,954,000 after acquiring an additional 94,564 shares during the last quarter. Significant Wealth Partners LLC bought a new stake in LSI Industries in the 1st quarter valued at $885,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in shares of LSI Industries in the 3rd quarter worth about $611,000. Institutional investors own 73.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

LSI Industries Price Performance

Shares of LYTS opened at $16.49 on Friday. 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 stock has a market capitalization of $490.74 million, a PE ratio of 19.63 and a beta of 0.87. The company has a 50 day moving average price of $16.02 and a 200-day moving average price of $15.41. LSI Industries Inc. has a fifty-two week low of $11.44 and a fifty-two 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. The business had revenue of $129.01 million for the quarter, compared to analyst estimates of $127.28 million. LSI Industries had a net margin of 5.32% and a return on equity of 12.77%. Equities analysts predict that LSI Industries Inc. will post 0.88 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Monday, August 26th. LSI Industries’s dividend payout ratio (DPR) is presently 23.81%.

Insider Buying and Selling

In other LSI Industries news, CEO James Anthony Clark sold 33,331 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 value of $485,632.67. Following the transaction, the chief executive officer now directly owns 361,099 shares of the company’s stock, valued at $5,261,212.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other LSI Industries news, CEO James Anthony Clark sold 33,331 shares of the firm’s 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 in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas A. Caneris sold 9,748 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $142,028.36. Following the transaction, the vice president now directly owns 98,656 shares in the company, valued at approximately $1,437,417.92. This represents a 0.00 % decrease in their position. 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. Corporate insiders own 8.20% 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.