EAM Investors LLC bought a new stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 51,616 shares of the construction company's stock, valued at approximately $1,002,000. EAM Investors LLC owned 0.17% of LSI Industries at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in LSI Industries by 894.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock worth $41,000 after buying an additional 1,888 shares in the last quarter. Fortitude Family Office LLC increased its position in shares of LSI Industries by 1,559.9% during the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock worth $62,000 after acquiring an additional 2,995 shares during the last quarter. Quantbot Technologies LP lifted its stake in shares of LSI Industries by 777.3% in the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock worth $71,000 after acquiring an additional 3,218 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of LSI Industries in the fourth quarter worth about $82,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in LSI Industries in the third quarter valued at about $205,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.
LSI Industries Stock Performance
LYTS traded up $0.23 during trading hours on Tuesday, hitting $15.59. 28,718 shares of the stock were exchanged, compared to its average volume of 127,728. The stock has a market cap of $466.35 million, a price-to-earnings ratio of 20.26 and a beta of 0.70. The stock has a 50-day simple moving average of $17.49 and a 200-day simple moving average of $18.64. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. LSI Industries Inc. has a 12 month low of $13.63 and a 12 month high of $25.50.
LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. Analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current year.
LSI Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. LSI Industries's payout ratio is currently 25.97%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Canaccord Genuity Group upped their target price on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a research report on Friday, January 24th. HC Wainwright boosted their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, StockNews.com cut shares of LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 14th.
View Our Latest Report on LYTS
LSI Industries 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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