123,124 Shares in LSI Industries Inc. (NASDAQ:LYTS) Purchased by Expect Equity LLC

Expect Equity LLC bought a new position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 123,124 shares of the construction company's stock, valued at approximately $2,391,000. LSI Industries accounts for 2.5% of Expect Equity LLC's investment portfolio, making the stock its 17th biggest position. Expect Equity LLC owned about 0.41% of LSI Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Deutsche Bank AG boosted its holdings in shares of LSI Industries by 65.9% in the 4th quarter. Deutsche Bank AG now owns 28,610 shares of the construction company's stock worth $556,000 after purchasing an additional 11,367 shares during the period. Bank of America Corp DE boosted its holdings in shares of LSI Industries by 86.3% in the 4th quarter. Bank of America Corp DE now owns 70,356 shares of the construction company's stock worth $1,366,000 after purchasing an additional 32,600 shares during the period. Anderson Financial Strategies LLC purchased a new position in shares of LSI Industries in the 4th quarter worth approximately $1,279,000. Northern Trust Corp boosted its holdings in shares of LSI Industries by 9.9% in the 4th quarter. Northern Trust Corp now owns 268,521 shares of the construction company's stock worth $5,215,000 after purchasing an additional 24,121 shares during the period. Finally, Aquatic Capital Management LLC purchased a new position in LSI Industries during the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 73.91% of the company's stock.

Analyst Ratings Changes

LYTS has been the topic of several research analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $30.00 price objective on shares of LSI Industries in a research report on Friday, April 25th. Canaccord Genuity Group dropped their price target 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, StockNews.com downgraded LSI Industries from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 30th.

LSI Industries Stock Down 2.0%

Shares of NASDAQ LYTS traded down $0.34 during mid-day trading on Wednesday, reaching $16.36. 60,834 shares of the company were exchanged, compared to its average volume of 132,571. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The stock has a market cap of $489.51 million, a price-to-earnings ratio of 21.25 and a beta of 0.25. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50. The firm has a 50-day moving average of $16.36 and a 200 day moving average of $18.52.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 EPS 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 company had revenue of $132.48 million during the quarter, compared to analysts' expectations of $129.72 million. On average, research analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Monday, May 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend was Monday, May 5th. LSI Industries's dividend payout ratio (DPR) is presently 27.78%.

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.