Man Group plc Purchases Shares of 27,275 LSI Industries Inc. (NASDAQ:LYTS)

Man Group plc acquired a new position in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of 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 in the last quarter. Expect Equity LLC purchased a new stake in LSI Industries during the fourth quarter valued at approximately $2,391,000. Anderson Financial Strategies LLC acquired a new stake in LSI Industries in the fourth quarter valued at approximately $1,279,000. JPMorgan Chase & Co. grew its holdings in LSI Industries by 203.0% in the fourth quarter. JPMorgan Chase & Co. now owns 86,550 shares of the construction company's stock worth $1,681,000 after purchasing an additional 57,989 shares during the last quarter. Finally, EAM Investors LLC purchased a new position in LSI Industries in the fourth quarter worth $1,002,000. 73.91% of the stock is currently owned by institutional investors.

LSI Industries Stock Performance

Shares of NASDAQ LYTS traded up $0.10 during midday trading on Wednesday, reaching $16.03. The company had a trading volume of 167,420 shares, compared to its average volume of 132,143. The business's 50-day simple moving average is $16.09 and its 200 day simple moving average is $18.43. The stock has a market cap of $479.63 million, a P/E ratio of 20.82 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 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 (NASDAQ:LYTS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The construction company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.13. The business had revenue of $132.48 million during the quarter, compared to analysts' expectations of $129.72 million. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Monday, May 5th were issued a $0.05 dividend. The ex-dividend date was Monday, May 5th. This represents a $0.20 annualized dividend and a yield of 1.25%. LSI Industries's dividend payout ratio (DPR) is presently 27.78%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen cut 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 target on LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, HC Wainwright reissued a "buy" rating and issued a $30.00 price target on shares of LSI Industries in a report on Friday, April 25th.

LSI Industries 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.