Bleakley Financial Group LLC Has $672,000 Position in LSI Industries Inc. (NASDAQ:LYTS)

Bleakley Financial Group LLC raised its holdings in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 228.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,628 shares of the construction company's stock after purchasing an additional 24,096 shares during the quarter. Bleakley Financial Group LLC owned 0.12% of LSI Industries worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of LSI Industries by 0.3% during 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 acquiring an additional 494 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of LSI Industries by 0.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 85,140 shares of the construction company's stock valued at $1,375,000 after buying an additional 740 shares during the period. Martingale Asset Management L P lifted its position in shares of LSI Industries by 1.4% during the third quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company's stock worth $1,328,000 after purchasing an additional 1,102 shares in the last quarter. Essex Investment Management Co. LLC boosted its position in LSI Industries by 0.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 306,397 shares of the construction company's stock valued at $4,948,000 after buying an additional 1,111 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of LSI Industries by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,911 shares of the construction company's stock valued at $758,000 after purchasing an additional 1,535 shares in the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

LSI Industries Stock Performance

Shares of NASDAQ LYTS traded up $0.12 during trading hours on Thursday, reaching $20.07. The stock had a trading volume of 166,519 shares, compared to its average volume of 169,890. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 1.19. The company has a market cap of $598.89 million, a price-to-earnings ratio of 26.06 and a beta of 0.94. LSI Industries Inc. has a twelve month low of $13.63 and a twelve month high of $25.50. The business's fifty day moving average is $20.05 and its two-hundred day moving average is $17.93.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.42% and a net margin of 4.47%. As a group, research analysts expect that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date was Monday, February 3rd. LSI Industries's dividend payout ratio is currently 25.97%.

Analysts Set New Price Targets

LYTS has been the topic of several recent research reports. HC Wainwright raised their price target on LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Canaccord Genuity Group lifted their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, January 24th.

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.