Wedge Capital Management L L P NC decreased its stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 26.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,499 shares of the construction company's stock after selling 22,641 shares during the period. Wedge Capital Management L L P NC owned approximately 0.21% of LSI Industries worth $1,214,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Rhumbline Advisers boosted its holdings in LSI Industries by 11.3% in the second quarter. Rhumbline Advisers now owns 42,350 shares of the construction company's stock valued at $613,000 after purchasing an additional 4,303 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of LSI Industries by 38.2% during the 2nd quarter. American Century Companies Inc. now owns 342,355 shares of the construction company's stock valued at $4,954,000 after buying an additional 94,564 shares during the last quarter. Hsbc Holdings PLC increased its stake in shares of LSI Industries by 8.1% in the second quarter. Hsbc Holdings PLC now owns 57,998 shares of the construction company's stock worth $836,000 after buying an additional 4,341 shares during the last quarter. Bank of Montreal Can acquired a new stake in LSI Industries in the second quarter valued at $375,000. Finally, Squarepoint Ops LLC bought a new position in LSI Industries during the 2nd quarter valued at $191,000. Institutional investors and hedge funds own 73.91% of the company's stock.
LSI Industries Stock Performance
NASDAQ:LYTS traded up $0.52 during trading hours on Tuesday, reaching $19.75. 48,584 shares of the stock were exchanged, compared to its average volume of 89,365. LSI Industries Inc. has a 52 week low of $13.35 and a 52 week high of $21.19. 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 stock has a market capitalization of $589.28 million, a P/E ratio of 25.00 and a beta of 0.93. The firm has a 50 day simple moving average of $19.78 and a 200-day simple moving average of $17.24.
LSI Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 1.01%. LSI Industries's payout ratio is 25.32%.
LSI Industries Company Profile
(
Free Report)
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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