16,313 Shares in LSI Industries Inc. (NASDAQ:LYTS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,313 shares of the construction company's stock, valued at approximately $317,000. Proficio Capital Partners LLC owned about 0.05% of LSI Industries at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Quarry LP acquired a new position in LSI Industries during the 3rd quarter worth $39,000. Fortitude Family Office LLC increased its stake in shares of 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 worth $62,000 after purchasing an additional 2,995 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of LSI Industries during the 3rd quarter worth about $205,000. Catalina Capital Group LLC bought a new stake in LSI Industries during the 4th quarter valued at approximately $253,000. Finally, Bailard Inc. acquired a new stake in LSI Industries in the 4th quarter valued at approximately $260,000. 73.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on LYTS. HC Wainwright upped their price target on LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, January 24th. StockNews.com cut shares of LSI Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Canaccord Genuity Group raised their price target on shares of LSI Industries from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Friday, January 24th.

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LSI Industries Stock Performance

LSI Industries stock traded down $0.39 during trading hours on Friday, hitting $17.19. The stock had a trading volume of 114,167 shares, compared to its average volume of 121,892. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The company has a market cap of $514.34 million, a PE ratio of 22.32 and a beta of 1.00. The company has a 50-day moving average of $19.29 and a two-hundred day moving average of $18.60. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its earnings results 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, equities research analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently announced 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. The ex-dividend date 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 currently 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.