LSI Industries, Inc. (NASDAQ:LYTS) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 174,800 shares, a growth of 53.7% from the May 30th total of 113,700 shares. Based on an average daily volume of 69,400 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.7% of the shares of the company are sold short.
Several large investors have recently modified their holdings of LYTS. Segall Bryant & Hamill LLC raised its position in shares of LSI Industries by 52.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 261,678 shares of the construction company’s stock valued at $830,000 after buying an additional 90,318 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of LSI Industries by 39.0% during the 4th quarter. Bank of New York Mellon Corp now owns 251,649 shares of the construction company’s stock valued at $798,000 after purchasing an additional 70,628 shares during the last quarter. WealthTrust Axiom LLC grew its holdings in shares of LSI Industries by 6.2% during the 1st quarter. WealthTrust Axiom LLC now owns 924,711 shares of the construction company’s stock valued at $2,431,000 after purchasing an additional 54,109 shares during the last quarter. North Star Investment Management Corp. grew its holdings in shares of LSI Industries by 10.5% during the 1st quarter. North Star Investment Management Corp. now owns 505,827 shares of the construction company’s stock valued at $1,330,000 after purchasing an additional 48,152 shares during the last quarter. Finally, Alambic Investment Management L.P. grew its holdings in shares of LSI Industries by 68.7% during the 1st quarter. Alambic Investment Management L.P. now owns 114,008 shares of the construction company’s stock valued at $300,000 after purchasing an additional 46,426 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.
LSI Industries stock traded down $0.01 during midday trading on Friday, hitting $4.05. The company’s stock had a trading volume of 82,960 shares, compared to its average volume of 100,294. LSI Industries has a 1-year low of $2.48 and a 1-year high of $5.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.39 and a current ratio of 2.59. The company has a 50-day simple moving average of $3.70. The company has a market capitalization of $105.31 million, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 0.36 and a beta of 1.45.
LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.11). The business had revenue of $72.83 million during the quarter, compared to analyst estimates of $78.50 million. LSI Industries had a positive return on equity of 1.06% and a negative net margin of 6.01%. As a group, equities research analysts forecast that LSI Industries will post 0.2 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th.
About LSI Industries
LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.
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