Renaissance Technologies LLC Reduces Stake in LSI Industries Inc. (NASDAQ:LYTS)

Renaissance Technologies LLC cut its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 804,562 shares of the construction company's stock after selling 23,700 shares during the quarter. Renaissance Technologies LLC owned about 2.70% of LSI Industries worth $15,625,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its position 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 in the last quarter. Bleakley Financial Group LLC boosted its position in shares of LSI Industries by 228.8% during the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company's stock valued at $672,000 after acquiring an additional 24,096 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of LSI Industries during the fourth quarter worth about $317,000. SG Americas Securities LLC lifted its holdings in shares of LSI Industries by 24.1% during the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company's stock worth $274,000 after acquiring an additional 2,731 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake 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 buying an additional 1,876 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in 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. StockNews.com lowered shares of LSI Industries from a "strong-buy" rating to a "buy" rating in a research note on Monday. Finally, HC Wainwright upped their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, January 24th.

LSI Industries Stock Performance

Shares of LYTS stock traded up $0.08 during trading hours on Friday, reaching $15.80. The company had a trading volume of 104,226 shares, compared to its average volume of 127,874. The firm has a market cap of $472.75 million, a PE 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. The business has a fifty day moving average price of $17.68 and a 200-day moving average price of $18.61. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its 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 11.25% and a net margin of 4.47%. Sell-side analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders 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 1.27%. The ex-dividend date was Monday, February 3rd. LSI Industries's payout ratio is currently 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.