Wedge Capital Management L L P NC Invests $961,000 in LSI Industries Inc. (NASDAQ:LYTS)

Wedge Capital Management L L P NC purchased a new stake in shares of LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 68,221 shares of the construction company's stock, valued at approximately $961,000. Wedge Capital Management L L P NC owned about 0.24% of LSI Industries at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. EAM Investors LLC acquired a new position in shares of LSI Industries in the third quarter valued at approximately $2,847,000. New York State Common Retirement Fund grew its holdings in shares of LSI Industries by 1,506.6% in the third quarter. New York State Common Retirement Fund now owns 163,873 shares of the construction company's stock valued at $2,602,000 after purchasing an additional 153,673 shares in the last quarter. Legato Capital Management LLC grew its holdings in shares of LSI Industries by 37.9% in the fourth quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company's stock valued at $5,301,000 after purchasing an additional 103,480 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of LSI Industries in the third quarter valued at approximately $1,073,000. Finally, First Eagle Investment Management LLC lifted its stake in LSI Industries by 21.0% in the third quarter. First Eagle Investment Management LLC now owns 223,600 shares of the construction company's stock worth $3,551,000 after acquiring an additional 38,763 shares during the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of LSI Industries from a "buy" rating to a "strong-buy" rating in a research note on Saturday, February 3rd. Canaccord Genuity Group lifted their price target on shares of LSI Industries from $17.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday. Finally, HC Wainwright reiterated a "buy" rating and issued a $20.00 price target on shares of LSI Industries in a research note on Monday.

LSI Industries Stock Down 2.7 %

Shares of NASDAQ:LYTS traded down $0.41 during trading on Friday, hitting $14.77. 112,429 shares of the company were exchanged, compared to its average volume of 105,096. The stock has a market capitalization of $429.36 million, a P/E ratio of 16.18 and a beta of 0.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.24. LSI Industries Inc. has a 12-month low of $11.44 and a 12-month high of $16.97. The firm's 50 day moving average price is $14.57 and its 200-day moving average price is $14.16.

LSI Industries (NASDAQ:LYTS - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The construction company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.13. The business had revenue of $109.01 million during the quarter, compared to the consensus estimate of $107.70 million. LSI Industries had a net margin of 5.71% and a return on equity of 14.91%. On average, research analysts predict that LSI Industries Inc. will post 0.89 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Monday, May 6th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. LSI Industries's dividend payout ratio is presently 21.98%.

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.