LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 266,700 shares, a drop of 34.0% from the February 28th total of 403,900 shares. Based on an average daily trading volume, of 155,600 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.0% of the company's shares are sold short.
LSI Industries Stock Up 0.4 %
NASDAQ LYTS traded up $0.07 during trading on Wednesday, reaching $17.43. 84,374 shares of the company's stock traded hands, compared to its average volume of 123,152. LSI Industries has a 12-month low of $13.63 and a 12-month high of $25.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. The firm has a market cap of $521.52 million, a price-to-earnings ratio of 22.64 and a beta of 1.00. The company's 50 day simple moving average is $19.19 and its two-hundred day simple moving average is $18.65.
LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. As a group, sell-side analysts forecast that LSI Industries will post 0.7 EPS for the current fiscal year.
LSI Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Monday, February 3rd. LSI Industries's payout ratio is 25.97%.
Wall Street Analyst Weigh In
LYTS has been the topic of a number of research analyst reports. Canaccord Genuity Group upped 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. HC Wainwright increased their price objective on 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 lowered LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Saturday.
Get Our Latest Stock Report on LSI Industries
Institutional Investors Weigh In On LSI Industries
A number of hedge funds have recently made changes to their positions in LYTS. Quarry LP bought a new position in LSI Industries in the third quarter worth about $39,000. Russell Investments Group Ltd. grew its position in shares of LSI Industries by 894.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock worth $41,000 after buying an additional 1,888 shares during the last quarter. Aquatic Capital Management LLC bought a new position in shares of LSI Industries during the 4th quarter worth approximately $46,000. Fortitude Family Office LLC lifted its position in LSI Industries by 1,559.9% during the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock valued at $62,000 after acquiring an additional 2,995 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in LSI Industries by 777.3% in the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock valued at $71,000 after acquiring an additional 3,218 shares in the last quarter. 73.91% of the stock is currently owned by hedge funds and other institutional investors.
LSI Industries Company Profile
(
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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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