Kennedy Capital Management LLC lessened its stake in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 22.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 217,092 shares of the construction company's stock after selling 64,495 shares during the period. Kennedy Capital Management LLC owned about 0.73% of LSI Industries worth $4,216,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in LSI Industries by 117.1% during the third quarter. Barclays PLC now owns 69,824 shares of the construction company's stock worth $1,127,000 after buying an additional 37,660 shares during the period. Bleakley Financial Group LLC grew its stake in LSI Industries by 228.8% during the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock worth $672,000 after buying an additional 24,096 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in LSI Industries during the 4th quarter valued at about $317,000. SG Americas Securities LLC raised its stake in LSI Industries by 24.1% in the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company's stock valued at $274,000 after buying an additional 2,731 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in LSI Industries by 4.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company's stock worth $910,000 after acquiring an additional 1,876 shares in the last quarter. Institutional investors own 73.91% of the company's stock.
LSI Industries Stock Performance
NASDAQ LYTS traded up $0.08 on Friday, reaching $15.80. 104,226 shares of the company's stock traded hands, compared to its average volume of 127,874. The stock has a 50 day moving average price of $17.68 and a 200-day moving average price of $18.61. The firm has a market cap of $472.75 million, a price-to-earnings ratio of 20.52 and a beta of 0.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. 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 posted its earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS 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%. Equities research analysts predict that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.
LSI Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries's dividend payout ratio (DPR) is presently 25.97%.
Analyst Ratings Changes
LYTS has been the subject of a number of recent analyst reports. Canaccord Genuity Group lifted their target price on shares of LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. StockNews.com cut LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Monday. Finally, HC Wainwright increased their price objective on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a report on Friday, January 24th.
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LSI Industries Company Profile
(
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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