Annex Advisory Services LLC Raises Position in LSI Industries Inc. (NASDAQ:LYTS)

Annex Advisory Services LLC increased its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,301 shares of the construction company’s stock after purchasing an additional 8,136 shares during the period. Annex Advisory Services LLC owned approximately 0.28% of LSI Industries worth $1,162,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new position in shares of LSI Industries in the 4th quarter valued at about $35,000. SG Americas Securities LLC purchased a new position in LSI Industries in the fourth quarter valued at about $121,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of LSI Industries during the 4th quarter valued at approximately $145,000. Cornerstone Investment Partners LLC acquired a new stake in shares of LSI Industries in the 1st quarter worth approximately $167,000. Finally, Principal Financial Group Inc. purchased a new position in LSI Industries in the 1st quarter valued at approximately $203,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LYTS. Canaccord Genuity Group lifted their price target on LSI Industries from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. HC Wainwright restated a “buy” rating and set a $20.00 price objective on shares of LSI Industries in a research report on Monday, April 22nd.

Insiders Place Their Bets

In other LSI Industries news, CFO James E. Galeese sold 2,122 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $15.10, for a total value of $32,042.20. Following the sale, the chief financial officer now directly owns 104,050 shares of the company’s stock, valued at approximately $1,571,155. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 7.30% of the company’s stock.

LSI Industries Trading Down 1.3 %

Shares of NASDAQ:LYTS traded down $0.19 during trading on Friday, reaching $14.38. The stock had a trading volume of 119,809 shares, compared to its average volume of 104,782. LSI Industries Inc. has a fifty-two week low of $11.44 and a fifty-two week high of $17.33. The business has a fifty day moving average price of $15.04 and a 200-day moving average price of $14.83. The stock has a market cap of $418.89 million, a P/E ratio of 15.46 and a beta of 0.86. The company has a quick ratio of 1.25, a current ratio of 2.17 and a debt-to-equity ratio of 0.07.

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.