Diamond Hill Capital Management LLC Investment Advisor acquired a new position in LSI Industries Inc. (NASDAQ:LYTS – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 200,317 shares of the construction company’s stock, valued at approximately $5,324,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.55% of LSI Industries at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bailard Inc. lifted its position in shares of LSI Industries by 3.4% in the fourth quarter. Bailard Inc. now owns 15,300 shares of the construction company’s stock worth $280,000 after buying an additional 500 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of LSI Industries by 1.2% in the 1st quarter. Quantinno Capital Management LP now owns 46,120 shares of the construction company’s stock valued at $858,000 after acquiring an additional 536 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in LSI Industries by 28.5% in the 1st quarter. New York State Teachers Retirement System now owns 2,495 shares of the construction company’s stock worth $46,000 after purchasing an additional 554 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in LSI Industries by 57.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,714 shares of the construction company’s stock worth $31,000 after purchasing an additional 625 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in LSI Industries by 11.8% during the second quarter. Osaic Holdings Inc. now owns 6,007 shares of the construction company’s stock worth $102,000 after purchasing an additional 635 shares during the period. 73.91% of the stock is owned by institutional investors and hedge funds.
LSI Industries Trading Down 0.4%
Shares of LSI Industries stock opened at $24.75 on Tuesday. The company’s fifty day simple moving average is $24.82 and its 200-day simple moving average is $22.69. The company has a market cap of $908.57 million, a price-to-earnings ratio of 33.00 and a beta of 0.56. The company has a current ratio of 1.48, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. LSI Industries Inc. has a 1 year low of $17.20 and a 1 year high of $27.36.
Wall Street Analyst Weigh In
View Our Latest Research Report on LYTS
Insider Buying and Selling at LSI Industries
In other LSI Industries news, EVP Thomas A. Caneris sold 109,226 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $2,653,099.54. Following the sale, the executive vice president directly owned 64,790 shares in the company, valued at $1,573,749.10. This trade represents a 62.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Wilfred T. Ogara sold 10,369 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $24.09, for a total transaction of $249,789.21. Following the transaction, the director owned 103,686 shares in the company, valued at approximately $2,497,795.74. The trade was a 9.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 256,173 shares of company stock valued at $6,220,368 in the last ninety days. Company insiders own 7.30% of the company’s stock.
LSI Industries Profile
LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.
In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.
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