Man Group plc Makes New Investment in LSI Industries Inc. (NASDAQ:LYTS)

Man Group plc purchased a new position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,275 shares of the construction company's stock, valued at approximately $530,000. Man Group plc owned 0.09% 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 company. WealthTrust Axiom LLC grew its stake in LSI Industries by 1.1% during the fourth quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company's stock worth $13,530,000 after purchasing an additional 7,647 shares during the period. G2 Investment Partners Management LLC lifted its position in shares of LSI Industries by 1.4% during the 4th quarter. G2 Investment Partners Management LLC now owns 406,929 shares of the construction company's stock valued at $7,903,000 after acquiring an additional 5,470 shares during the period. Hillsdale Investment Management Inc. boosted its stake in LSI Industries by 0.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company's stock worth $6,481,000 after acquiring an additional 3,000 shares in the last quarter. Northern Trust Corp boosted its stake in LSI Industries by 9.9% during the fourth quarter. Northern Trust Corp now owns 268,521 shares of the construction company's stock worth $5,215,000 after acquiring an additional 24,121 shares in the last quarter. Finally, Invesco Ltd. increased its stake in LSI Industries by 354.1% in the fourth quarter. Invesco Ltd. now owns 243,781 shares of the construction company's stock valued at $4,734,000 after purchasing an additional 190,095 shares in the last quarter. 73.91% of the stock is owned by institutional investors.

LSI Industries Stock Down 0.4%

NASDAQ LYTS traded down $0.06 during trading hours on Friday, hitting $16.37. The company's stock had a trading volume of 4,160 shares, compared to its average volume of 131,859. The company has a market capitalization of $489.81 million, a PE ratio of 21.26 and a beta of 0.25. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50. The company's 50-day simple moving average is $16.03 and its two-hundred day simple moving average is $18.38.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, hitting 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 analyst estimates of $129.72 million. Research analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

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

Analyst Ratings Changes

LYTS has been the subject of a number of research analyst reports. HC Wainwright reaffirmed a "buy" rating and issued a $30.00 target price on shares of LSI Industries in a research report on Friday, April 25th. Wall Street Zen cut LSI Industries from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, April 30th. Finally, Canaccord Genuity Group reduced their price target on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a research 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.