Wellington Management Group LLP Cuts Position in LSI Industries Inc. (NASDAQ:LYTS)

Wellington Management Group LLP lessened its holdings in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 574,361 shares of the construction company's stock after selling 42,900 shares during the quarter. Wellington Management Group LLP owned 1.92% of LSI Industries worth $11,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of LSI Industries in the 3rd quarter valued at about $39,000. Fortitude Family Office LLC lifted its position 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. Quantbot Technologies LP boosted its stake in shares of LSI Industries by 777.3% during the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock valued at $71,000 after purchasing an additional 3,218 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of LSI Industries in the fourth quarter worth approximately $82,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of LSI Industries in the third quarter worth $205,000. 73.91% of the stock is owned by institutional investors.

LSI Industries Trading Down 0.2 %

LSI Industries stock traded down $0.03 during mid-day trading on Tuesday, reaching $16.16. 8,802 shares of the company traded hands, compared to its average volume of 127,261. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. LSI Industries Inc. has a 52-week low of $9.80 and a 52-week high of $25.50. The firm has a market capitalization of $483.52 million, a price-to-earnings ratio of 20.99 and a beta of 0.70. The firm's 50 day moving average price is $17.99 and its 200 day moving average price 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 EPS 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%. On average, analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. LSI Industries's dividend payout ratio is presently 25.97%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. HC Wainwright increased their price target on shares of 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 raised their target price on LSI Industries from $22.00 to $26.00 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 Monday.

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.