Anderson Financial Strategies LLC Invests $1.28 Million in LSI Industries Inc. (NASDAQ:LYTS)

Anderson Financial Strategies LLC purchased a new position in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,854 shares of the construction company's stock, valued at approximately $1,279,000. LSI Industries makes up about 0.8% of Anderson Financial Strategies LLC's portfolio, making the stock its 26th biggest holding. Anderson Financial Strategies LLC owned 0.22% of LSI Industries at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LYTS. WealthTrust Axiom LLC lifted its holdings in LSI Industries by 1.1% during the 4th quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company's stock valued at $13,530,000 after purchasing an additional 7,647 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of LSI Industries by 0.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company's stock worth $6,481,000 after buying an additional 3,000 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of LSI Industries by 9.9% during the 4th quarter. Northern Trust Corp now owns 268,521 shares of the construction company's stock worth $5,215,000 after buying an additional 24,121 shares during the period. Invesco Ltd. grew its stake in LSI Industries by 354.1% in the 4th quarter. Invesco Ltd. now owns 243,781 shares of the construction company's stock valued at $4,734,000 after buying an additional 190,095 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in LSI Industries by 6.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,689 shares of the construction company's stock valued at $3,004,000 after acquiring an additional 9,518 shares during the period. Institutional investors and hedge funds own 73.91% of the company's stock.

LSI Industries Price Performance

Shares of NASDAQ LYTS traded up $0.10 during midday trading on Wednesday, reaching $15.58. The company's stock had a trading volume of 119,914 shares, compared to its average volume of 132,655. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The company has a market cap of $466.17 million, a P/E ratio of 20.23 and a beta of 0.25. The business's 50 day moving average price is $16.51 and its two-hundred day moving average price is $18.52. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share for the quarter, meeting analysts' consensus estimates of $0.13. LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. The firm had revenue of $132.48 million during the quarter, compared to the consensus estimate of $129.72 million. On average, analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Monday, May 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, May 5th. LSI Industries's payout ratio is presently 27.78%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LYTS. StockNews.com downgraded LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th. Canaccord Genuity Group lowered their price objective on LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, HC Wainwright reissued a "buy" rating and set a $30.00 target price on shares of LSI Industries in a report on Friday, April 25th.

LSI Industries Company 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.