LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) CFO James E. Galeese sold 7,155 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $15.72, for a total transaction of $112,476.60. Following the completion of the sale, the chief financial officer now owns 142,134 shares in the company, valued at $2,234,346.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
LSI Industries Stock Performance
Shares of LYTS opened at $15.89 on Friday. LSI Industries Inc. has a 1 year low of $6.55 and a 1 year high of $16.32. The company’s 50 day simple moving average is $13.26 and its 200 day simple moving average is $13.18. The company has a market capitalization of $450.77 million, a price-to-earnings ratio of 18.06 and a beta of 1.10. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.18 and a current ratio of 2.21.
LSI Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 28th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, August 25th. LSI Industries’s dividend payout ratio (DPR) is 22.73%.
Institutional Investors Weigh In On LSI Industries
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on LYTS shares. StockNews.com initiated coverage on LSI Industries in a research note on Thursday, August 17th. They issued a “strong-buy” rating on the stock. Craig Hallum upped their price objective on LSI Industries from $21.00 to $23.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $20.00 price objective on shares of LSI Industries in a research note on Friday, August 18th.
About LSI Industries
LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates in 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.
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