NBW Capital LLC Has $1.76 Million Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Key Points

• NBW Capital LLC reduced its holdings in LSI Industries Inc. by 23.2%, now owning approximately 0.35% of the company with a total value of $1,756,000.
• Several institutional investors, such as Russell Investments Group Ltd. and GAMMA Investing LLC, significantly increased their stakes in LSI Industries, indicating strong interest from the investment community.
• Analysts have provided mixed ratings for LSI Industries, with HC Wainwright maintaining a "buy" rating and a target price of $30.00, while Canaccord Genuity Group lowered its price target to $22.00.

NBW Capital LLC decreased its position in LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 23.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 103,317 shares of the construction company's stock after selling 31,248 shares during the quarter. NBW Capital LLC owned 0.35% of LSI Industries worth $1,756,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of LSI Industries by 894.8% in the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company's stock valued at $41,000 after buying an additional 1,888 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of LSI Industries during the fourth quarter worth approximately $46,000. KLP Kapitalforvaltning AS bought a new stake in shares of LSI Industries during the fourth quarter valued at approximately $82,000. GAMMA Investing LLC increased its holdings in shares of LSI Industries by 4,116.3% in the first quarter. GAMMA Investing LLC now owns 10,625 shares of the construction company's stock valued at $181,000 after purchasing an additional 10,373 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new position in LSI Industries in the 4th quarter worth approximately $186,000. Institutional investors own 73.91% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on LYTS shares. HC Wainwright reiterated 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 cut their price target on LSI Industries from $26.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th.

LSI Industries Trading Up 0.6%

LSI Industries stock traded up $0.11 during trading hours on Friday, reaching $18.35. 48,021 shares of the company's stock traded hands, compared to its average volume of 91,976. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.25 and a current ratio of 2.08. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The firm has a market capitalization of $549.03 million, a price-to-earnings ratio of 25.49 and a beta of 0.32. The firm's 50 day moving average is $17.29 and its 200-day moving average is $17.48.

About LSI Industries

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.