Phocas Financial Corp. Has $666,000 Position in LSI Industries Inc. (NASDAQ:LYTS)

Phocas Financial Corp. lessened its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 85.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,281 shares of the construction company's stock after selling 193,720 shares during the period. Phocas Financial Corp. owned approximately 0.11% of LSI Industries worth $666,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quarry LP bought a new position in shares of LSI Industries during the 3rd quarter valued at about $39,000. Fortitude Family Office LLC lifted its holdings in shares of LSI Industries by 1,559.9% during the 4th 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 in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in LSI Industries in the 3rd quarter valued at approximately $205,000. Centiva Capital LP acquired a new stake in LSI Industries in the 3rd quarter valued at approximately $220,000. Finally, Catalina Capital Group LLC acquired a new stake in LSI Industries in the 4th quarter valued at approximately $253,000. Institutional investors own 73.91% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on LYTS. HC Wainwright lifted their target price on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, January 24th. 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.

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LSI Industries Stock Up 1.0 %

LSI Industries stock traded up $0.19 during midday trading on Friday, reaching $18.49. The stock had a trading volume of 92,233 shares, compared to its average volume of 161,470. The firm's fifty day simple moving average is $19.99 and its 200-day simple moving average is $18.27. LSI Industries Inc. has a 1-year low of $13.63 and a 1-year high of $25.50. The stock has a market capitalization of $553.24 million, a P/E ratio of 24.01 and a beta of 0.94. 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 (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share 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%. As a group, analysts expect that LSI Industries Inc. 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. Shareholders of record on Monday, February 3rd were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries's dividend payout ratio (DPR) is 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.