Catalina Capital Group LLC Takes Position in LSI Industries Inc. (NASDAQ:LYTS)

Catalina Capital Group LLC purchased a new stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 13,027 shares of the construction company's stock, valued at approximately $253,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quarry LP bought a new stake in shares of LSI Industries in the third quarter worth about $39,000. Fortitude Family Office LLC grew its position in shares of LSI Industries by 1,559.9% in the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock valued at $62,000 after purchasing an additional 2,995 shares during the period. SG Americas Securities LLC bought a new stake in LSI Industries during the 3rd quarter worth approximately $183,000. Squarepoint Ops LLC acquired a new stake in LSI Industries during the 2nd quarter worth approximately $191,000. Finally, Y Intercept Hong Kong Ltd bought a new position in LSI Industries in the third quarter valued at approximately $205,000. Institutional investors own 73.91% of the company's stock.

LSI Industries Stock Down 0.7 %

LSI Industries stock traded down $0.15 during mid-day trading on Friday, reaching $21.03. The company's stock had a trading volume of 102,804 shares, compared to its average volume of 174,352. The business's 50 day simple moving average is $20.03 and its 200 day simple moving average is $17.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08. LSI Industries Inc. has a 12 month low of $13.55 and a 12 month high of $25.50. The company has a market capitalization of $627.54 million, a price-to-earnings ratio of 27.31 and a beta of 0.94.

LSI Industries (NASDAQ:LYTS - Get Free Report) last posted its quarterly 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 11.42% and a net margin of 4.47%. As a group, research analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.95%. LSI Industries's dividend payout ratio (DPR) is 25.97%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity Group increased 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. HC Wainwright increased their target price on LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, January 24th.

About LSI Industries

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.