Walleye Capital LLC Buys New Position in LSI Industries Inc. (NASDAQ:LYTS)

Walleye Capital LLC bought a new stake in LSI Industries Inc. (NASDAQ:LYTS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,394 shares of the construction company's stock, valued at approximately $610,000. Walleye Capital LLC owned about 0.11% of LSI Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. WealthTrust Axiom LLC raised its holdings in shares of LSI Industries by 1.1% in the fourth quarter. WealthTrust Axiom LLC now owns 696,685 shares of the construction company's stock valued at $13,530,000 after purchasing an additional 7,647 shares during the last quarter. State Street Corp increased its holdings in LSI Industries by 1.1% during the third quarter. State Street Corp now owns 574,275 shares of the construction company's stock worth $9,275,000 after buying an additional 6,098 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings 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 buying an additional 3,000 shares during the last quarter. Invesco Ltd. increased its holdings in LSI Industries by 354.1% during the fourth quarter. Invesco Ltd. now owns 243,781 shares of the construction company's stock worth $4,734,000 after buying an additional 190,095 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in LSI Industries by 6.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,689 shares of the construction company's stock worth $3,004,000 after buying an additional 9,518 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of 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 report on Tuesday, April 22nd. Canaccord Genuity Group decreased their price objective on shares of LSI Industries from $26.00 to $22.00 and set a "buy" rating for the company in a report on Friday. Finally, HC Wainwright restated a "buy" rating and set a $30.00 price objective on shares of LSI Industries in a report on Friday.

LSI Industries Stock Performance

NASDAQ:LYTS traded down $0.22 on Monday, reaching $14.65. 244,532 shares of the company's stock were exchanged, compared to its average volume of 131,524. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. The firm has a market cap of $438.34 million, a price-to-earnings ratio of 19.03 and a beta of 0.70. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50. The stock has a fifty day simple moving average of $16.94 and a 200-day simple moving average of $18.59.

LSI Industries (NASDAQ:LYTS - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The construction company reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. The company had revenue of $132.48 million during the quarter, compared to analyst estimates of $129.72 million. As a group, sell-side analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Monday, May 5th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Monday, May 5th. LSI Industries's dividend payout ratio is currently 27.78%.

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.