Barclays PLC raised its position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 117.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 69,824 shares of the construction company's stock after purchasing an additional 37,660 shares during the period. Barclays PLC owned about 0.23% of LSI Industries worth $1,127,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in LYTS. Johnson Investment Counsel Inc. purchased a new position in LSI Industries during the second quarter worth $1,691,000. Bartlett & CO. Wealth Management LLC purchased a new stake in LSI Industries during the 3rd quarter worth about $611,000. Allspring Global Investments Holdings LLC raised its stake in LSI Industries by 37.0% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 52,988 shares of the construction company's stock valued at $767,000 after purchasing an additional 14,317 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in LSI Industries by 0.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company's stock valued at $2,345,000 after purchasing an additional 494 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in LSI Industries by 7.1% in the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company's stock valued at $39,392,000 after purchasing an additional 162,160 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company's stock.
LSI Industries Trading Down 0.2 %
Shares of NASDAQ LYTS traded down $0.03 during midday trading on Monday, reaching $19.40. 72,967 shares of the stock were exchanged, compared to its average volume of 111,099. The stock has a 50 day moving average price of $19.22 and a 200-day moving average price of $16.75. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $578.86 million, a P/E ratio of 24.56 and a beta of 0.92. LSI Industries Inc. has a 52-week low of $13.32 and a 52-week high of $21.19.
LSI Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were issued a $0.05 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 1.03%. LSI Industries's dividend payout ratio (DPR) is presently 25.32%.
About LSI Industries
(
Free Report)
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.
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