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

Walleye Capital LLC purchased a new stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 31,394 shares of the construction company's stock, valued at approximately $610,000. Walleye Capital LLC owned about 0.11% of LSI Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock valued at $41,000 after acquiring an additional 1,888 shares during the last quarter. Fortitude Family Office LLC grew its holdings in shares of 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. Quantbot Technologies LP increased its position in LSI Industries by 777.3% during the 4th quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock worth $71,000 after purchasing an additional 3,218 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in LSI Industries in the 4th quarter valued at approximately $82,000. Finally, Catalina Capital Group LLC acquired a new stake in LSI Industries in the fourth quarter valued at approximately $253,000. Institutional investors and hedge funds own 73.91% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LYTS. StockNews.com upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a report on Tuesday. Canaccord Genuity Group upped 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. Finally, HC Wainwright lifted their price target on LSI Industries from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, January 24th.

LSI Industries Price Performance

LYTS stock opened at $15.61 on Wednesday. The company has a market capitalization of $467.07 million, a P/E ratio of 20.27 and a beta of 0.70. The company has a fifty day moving average price of $17.40 and a 200-day moving average price of $18.62. 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 52-week low of $13.63 and a 52-week high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last announced its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (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 expect that LSI Industries Inc. will post 0.7 EPS for the current year.

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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