Summit Global Investments Takes $323,000 Position in LSI Industries Inc. (NASDAQ:LYTS)

Summit Global Investments bought a new position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 16,631 shares of the construction company's stock, valued at approximately $323,000. Summit Global Investments owned approximately 0.06% of LSI Industries at the end of the most recent quarter.

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

LSI Industries Stock Down 2.2 %

Shares of NASDAQ LYTS traded down $0.39 during mid-day trading on Friday, reaching $17.19. The company had a trading volume of 114,167 shares, compared to its average volume of 121,892. The stock's 50 day moving average is $19.29 and its 200-day moving average is $18.58. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. LSI Industries Inc. has a twelve month low of $13.63 and a twelve month high of $25.50. The stock has a market capitalization of $514.34 million, a PE ratio of 22.32 and a beta of 1.00.

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LSI Industries (NASDAQ:LYTS - Get Free Report) last posted 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%. As a group, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were given a $0.05 dividend. 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 is 25.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. HC Wainwright raised their price objective on LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Canaccord Genuity Group boosted their price target on shares of LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a report on Friday, January 24th.

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.