Renaissance Technologies LLC Has $15.63 Million Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Renaissance Technologies LLC lowered its position in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 804,562 shares of the construction company's stock after selling 23,700 shares during the quarter. Renaissance Technologies LLC owned approximately 2.70% of LSI Industries worth $15,625,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LYTS. Russell Investments Group Ltd. boosted its position in LSI Industries by 894.8% in the 4th 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. Fortitude Family Office LLC raised its holdings in shares of LSI Industries by 1,559.9% during the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company's stock worth $62,000 after acquiring an additional 2,995 shares during the period. Quantbot Technologies LP raised its stake in shares of LSI Industries by 777.3% in the 4th quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company's stock valued at $71,000 after purchasing an additional 3,218 shares during the period. KLP Kapitalforvaltning AS bought a new stake in LSI Industries in the 4th quarter valued at approximately $82,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of LSI Industries in the third quarter worth $205,000. 73.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LYTS has been the topic of several analyst reports. StockNews.com lowered LSI Industries from a "strong-buy" rating to a "buy" rating in a report on Monday, April 14th. Canaccord Genuity Group increased their price objective on LSI Industries from $22.00 to $26.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, HC Wainwright boosted their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, January 24th.

LSI Industries Stock Performance

NASDAQ:LYTS traded up $0.08 during mid-day trading on Friday, hitting $15.80. The stock had a trading volume of 104,226 shares, compared to its average volume of 128,000. LSI Industries Inc. has a twelve month low of $13.63 and a twelve month high of $25.50. 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 stock has a market cap of $472.75 million, a price-to-earnings ratio of 20.52 and a beta of 0.70. The company's 50 day simple moving average is $17.58 and its 200 day simple moving average is $18.64.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. On average, equities research analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date was Monday, February 3rd. LSI Industries's payout ratio is presently 25.97%.

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.