Archon Capital Management LLC Has $1.72 Million Position in LSI Industries Inc. (NASDAQ:LYTS)

Archon Capital Management LLC decreased its holdings in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,348 shares of the construction company's stock after selling 56,599 shares during the quarter. LSI Industries makes up 1.7% of Archon Capital Management LLC's portfolio, making the stock its 22nd biggest position. Archon Capital Management LLC owned 0.30% of LSI Industries worth $1,716,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of LSI Industries by 1.1% in the third quarter. State Street Corp now owns 574,275 shares of the construction company's stock worth $9,275,000 after buying an additional 6,098 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of LSI Industries by 0.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company's stock worth $6,481,000 after purchasing an additional 3,000 shares during the last quarter. Invesco Ltd. grew its stake in LSI Industries by 354.1% in the fourth quarter. Invesco Ltd. now owns 243,781 shares of the construction company's stock worth $4,734,000 after purchasing an additional 190,095 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in LSI Industries by 6.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,689 shares of the construction company's stock valued at $3,004,000 after buying an additional 9,518 shares in the last quarter. Finally, Annex Advisory Services LLC grew its position in shares of LSI Industries by 28.7% in the 4th quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company's stock worth $2,656,000 after acquiring an additional 30,464 shares in the last quarter. Institutional investors and hedge funds own 73.91% of the company's stock.

LSI Industries Stock Up 1.6 %

NASDAQ LYTS traded up $0.24 on Thursday, reaching $15.96. The stock had a trading volume of 43,896 shares, compared to its average volume of 127,481. The company has a market capitalization of $477.66 million, a price-to-earnings ratio of 20.69 and a beta of 0.70. The business has a 50 day moving average price of $17.78 and a 200 day moving average price of $18.61. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. On average, analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. LSI Industries's dividend payout ratio is presently 25.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LYTS. Canaccord Genuity Group boosted their price target on LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. HC Wainwright lifted their price target on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, StockNews.com lowered shares of LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Monday.

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.