Systematic Financial Management LP Purchases 162,160 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Systematic Financial Management LP increased its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,439,120 shares of the construction company's stock after purchasing an additional 162,160 shares during the quarter. LSI Industries makes up approximately 1.0% of Systematic Financial Management LP's investment portfolio, making the stock its 19th biggest position. Systematic Financial Management LP owned approximately 8.17% of LSI Industries worth $39,392,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quest Partners LLC bought a new stake in shares of LSI Industries during the 2nd quarter valued at $28,000. Quarry LP purchased a new position in shares of LSI Industries in the third quarter valued at about $39,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of LSI Industries by 87.0% in the second 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 period. SG Americas Securities LLC purchased a new stake in shares of LSI Industries during the third quarter worth about $183,000. Finally, Squarepoint Ops LLC bought a new stake in LSI Industries during the 2nd quarter valued at approximately $191,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

LSI Industries Price Performance

NASDAQ LYTS traded down $0.21 during trading on Thursday, hitting $20.17. 53,859 shares of the stock traded hands, compared to its average volume of 110,355. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $601.87 million, a P/E ratio of 25.80 and a beta of 0.92. LSI Industries Inc. has a 12-month low of $13.21 and a 12-month high of $21.17. The firm has a 50-day simple moving average of $18.00 and a 200-day simple moving average of $16.20.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were issued a $0.05 dividend. The ex-dividend date was Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.99%. LSI Industries's dividend payout ratio (DPR) is presently 25.32%.

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.