LSI Industries Inc. (NASDAQ:LYTS) Short Interest Down 26.4% in January

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 375,300 shares, a decrease of 26.4% from the January 15th total of 509,900 shares. Based on an average daily volume of 150,100 shares, the days-to-cover ratio is presently 2.5 days. Currently, 1.4% of the company's shares are sold short.

LSI Industries Trading Up 0.2 %

NASDAQ LYTS traded up $0.05 on Tuesday, hitting $20.83. The company's stock had a trading volume of 172,624 shares, compared to its average volume of 169,449. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. LSI Industries has a 52-week low of $13.63 and a 52-week high of $25.50. The firm has a market cap of $623.25 million, a P/E ratio of 27.05 and a beta of 0.94. The company's 50-day simple moving average is $20.07 and its 200 day simple moving average is $18.02.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 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%. Research analysts predict that LSI Industries will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

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

Hedge Funds Weigh In On LSI Industries

Several hedge funds and other institutional investors have recently modified their holdings of LYTS. Systematic Financial Management LP boosted its position in LSI Industries by 4.3% during the 4th quarter. Systematic Financial Management LP now owns 2,542,844 shares of the construction company's stock valued at $49,382,000 after acquiring an additional 103,724 shares in the last quarter. WealthTrust Axiom LLC lifted its stake in shares of LSI Industries by 1.1% in the 4th quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company's stock valued at $13,530,000 after purchasing an additional 7,647 shares during the period. State Street Corp boosted its position in shares of LSI Industries by 1.1% during the third quarter. State Street Corp now owns 574,275 shares of the construction company's stock valued at $9,275,000 after purchasing an additional 6,098 shares in the last quarter. G2 Investment Partners Management LLC grew its stake in LSI Industries by 1.4% in the fourth quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company's stock worth $7,903,000 after purchasing an additional 5,470 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in LSI Industries by 0.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company's stock worth $6,481,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. HC Wainwright lifted 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. Canaccord Genuity Group boosted their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research 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.