Integrated Quantitative Investments LLC Purchases New Shares in LSI Industries Inc. (NASDAQ:LYTS)

Integrated Quantitative Investments LLC bought a new stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 46,408 shares of the construction company's stock, valued at approximately $901,000. Integrated Quantitative Investments LLC owned about 0.16% of LSI Industries at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LYTS. Alliancebernstein L.P. raised its stake in shares of LSI Industries by 168.6% in the 4th quarter. Alliancebernstein L.P. now owns 27,160 shares of the construction company's stock valued at $527,000 after acquiring an additional 17,050 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in LSI Industries by 3.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 62,756 shares of the construction company's stock worth $1,219,000 after purchasing an additional 2,096 shares in the last quarter. Orion Portfolio Solutions LLC lifted its stake in LSI Industries by 60.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 46,098 shares of the construction company's stock worth $895,000 after purchasing an additional 17,382 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of LSI Industries by 203.0% in the fourth quarter. JPMorgan Chase & Co. now owns 86,550 shares of the construction company's stock valued at $1,681,000 after buying an additional 57,989 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of LSI Industries in the 4th quarter valued at $82,000. Institutional investors and hedge funds own 73.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LYTS shares. Canaccord Genuity Group lifted their target price on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, January 24th. HC Wainwright upped their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, StockNews.com raised shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Sunday.

LSI Industries Stock Up 2.0 %

LYTS stock traded up $0.30 during mid-day trading on Wednesday, reaching $15.57. The company had a trading volume of 82,678 shares, compared to its average volume of 160,554. The firm has a fifty day simple moving average of $18.47 and a 200 day simple moving average of $18.63. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The company has a market capitalization of $465.87 million, a price-to-earnings ratio of 20.25 and a beta of 0.70. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50.

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

LSI Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries's dividend payout ratio (DPR) is presently 25.97%.

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.