AlphaQuest LLC Makes New Investment in LSI Industries Inc. (NASDAQ:LYTS)

AlphaQuest LLC purchased a new stake in LSI Industries Inc. (NASDAQ:LYTS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 14,177 shares of the construction company’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new position in LSI Industries in the third quarter worth approximately $39,000. Fortitude Family Office LLC grew its holdings in shares of LSI Industries by 1,559.9% during the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock worth $62,000 after purchasing an additional 2,995 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of LSI Industries during the 3rd quarter worth $205,000. Centiva Capital LP acquired a new stake in shares of LSI Industries during the 3rd quarter worth about $220,000. Finally, Catalina Capital Group LLC purchased a new stake in LSI Industries in the 4th quarter valued at about $253,000. Institutional investors and hedge funds own 73.91% of the company’s stock.

LSI Industries Stock Up 1.6 %

Shares of LYTS opened at $17.32 on Friday. The company’s 50-day simple moving average is $19.57 and its 200-day simple moving average is $18.47. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50. The stock has a market capitalization of $518.23 million, a PE ratio of 22.49 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. Analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 1.15%. LSI Industries’s dividend payout ratio (DPR) is presently 25.97%.

Wall Street Analyst Weigh In

LYTS has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, January 24th. HC Wainwright raised their price target on LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.

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.