Navellier & Associates Inc. Cuts Position in LSI Industries Inc. (NASDAQ:LYTS)

Navellier & Associates Inc. decreased its position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 54.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,279 shares of the construction company's stock after selling 32,669 shares during the quarter. Navellier & Associates Inc. owned 0.09% of LSI Industries worth $441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC bought a new position in shares of LSI Industries during the second quarter valued at about $28,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in LSI Industries by 87.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,740 shares of the construction company's stock worth $126,000 after acquiring an additional 4,065 shares during the last quarter. SG Americas Securities LLC bought a new stake in LSI Industries in the third quarter valued at approximately $183,000. Squarepoint Ops LLC purchased a new stake in shares of LSI Industries during the second quarter valued at approximately $191,000. Finally, Principal Financial Group Inc. grew its holdings in shares of LSI Industries by 10.4% in the second quarter. Principal Financial Group Inc. now owns 14,793 shares of the construction company's stock worth $214,000 after purchasing an additional 1,398 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company's stock.

LSI Industries Trading Up 1.8 %

Shares of NASDAQ LYTS traded up $0.37 during trading hours on Friday, hitting $20.60. The company's stock had a trading volume of 81,436 shares, compared to its average volume of 111,594. The business has a 50-day simple moving average of $17.15 and a 200-day simple moving average of $15.90. The stock has a market cap of $614.70 million, a price-to-earnings ratio of 25.92 and a beta of 0.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08. LSI Industries Inc. has a 12 month low of $12.82 and a 12 month high of $21.17.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Monday, November 18th. LSI Industries's dividend payout ratio (DPR) is currently 25.32%.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a "buy" rating and set a $20.00 price target on shares of LSI Industries in a report on Friday, August 16th.

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.