Proficio Capital Partners LLC Makes New Investment in LSI Industries Inc. (NASDAQ:LYTS)

Proficio Capital Partners LLC purchased a new position in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,313 shares of the construction company's stock, valued at approximately $317,000. Proficio Capital Partners LLC owned approximately 0.05% of LSI Industries as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Quarry LP acquired a new stake in LSI Industries during the 3rd quarter valued at $39,000. Fortitude Family Office LLC lifted its holdings in 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 during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in LSI Industries during the 3rd quarter valued at $205,000. Centiva Capital LP acquired a new stake in LSI Industries during the 3rd quarter valued at $220,000. Finally, Catalina Capital Group LLC acquired a new stake in shares of LSI Industries during the fourth quarter worth $253,000. 73.91% of the stock is owned by institutional investors.

LSI Industries Trading Up 0.5 %

Shares of LSI Industries stock opened at $17.17 on Wednesday. The company has a market capitalization of $513.74 million, a P/E ratio of 22.30 and a beta of 1.00. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $19.75 and a 200 day simple moving average of $18.44. LSI Industries Inc. has a 12-month low of $13.63 and a 12-month high of $25.50.

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LSI Industries (NASDAQ:LYTS - Get Free Report) last released 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 net margin of 4.47% and a return on equity of 11.25%. On average, sell-side analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. LSI Industries's dividend payout ratio (DPR) is presently 25.97%.

Analyst Ratings Changes

LYTS has been the subject of a number of research reports. Canaccord Genuity Group lifted their target price on LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Friday, January 24th. HC Wainwright lifted their target price on LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a 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.

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