LSI Industries Inc. (NASDAQ:LYTS) Stock Holdings Lowered by Legato Capital Management LLC

Legato Capital Management LLC decreased its holdings in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 362,743 shares of the construction company's stock after selling 24,678 shares during the quarter. LSI Industries comprises approximately 0.9% of Legato Capital Management LLC's portfolio, making the stock its 8th biggest holding. Legato Capital Management LLC owned about 1.22% of LSI Industries worth $7,044,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quarry LP purchased a new position in LSI Industries in the third quarter worth $39,000. Fortitude Family Office LLC grew its holdings in LSI Industries by 1,559.9% in the fourth 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 last quarter. SG Americas Securities LLC acquired a new stake in LSI Industries in the third quarter valued at $183,000. Y Intercept Hong Kong Ltd acquired a new stake in LSI Industries in the third quarter valued at $205,000. Finally, Catalina Capital Group LLC acquired a new stake in shares of LSI Industries during the fourth quarter valued at $253,000. Hedge funds and other institutional investors own 73.91% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Canaccord Genuity Group increased their price objective on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Friday, January 24th. HC Wainwright increased their price objective on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, January 24th.

LSI Industries Trading Up 3.5 %

NASDAQ:LYTS traded up $0.71 during mid-day trading on Friday, reaching $20.78. The company's stock had a trading volume of 153,543 shares, compared to its average volume of 186,210. The company's fifty day simple moving average is $20.06 and its two-hundred day simple moving average is $17.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 1.19. LSI Industries Inc. has a twelve month low of $13.63 and a twelve month high of $25.50. The stock has a market cap of $620.08 million, a P/E ratio of 26.99 and a beta of 0.94.

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 11.42% and a net margin of 4.47%. On average, equities analysts predict that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were issued a $0.05 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. LSI Industries's dividend payout ratio (DPR) is 25.97%.

LSI Industries 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.