Knights of Columbus Asset Advisors LLC Makes New $878,000 Investment in LSI Industries Inc. (NASDAQ:LYTS)

Knights of Columbus Asset Advisors LLC bought a new position in LSI Industries Inc. (NASDAQ:LYTS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 45,234 shares of the construction company’s stock, valued at approximately $878,000. Knights of Columbus Asset Advisors LLC owned 0.15% of LSI Industries at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LYTS. Quarry LP acquired a new stake in LSI Industries in the third quarter worth $39,000. Fortitude Family Office LLC increased 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 valued at $62,000 after purchasing an additional 2,995 shares during the period. Quantbot Technologies LP increased its holdings in shares of LSI Industries by 777.3% during the fourth 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. Y Intercept Hong Kong Ltd acquired a new position in shares of LSI Industries during the third quarter valued at $205,000. Finally, Centiva Capital LP acquired a new position in shares of LSI Industries during the third quarter valued at $220,000. 73.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

LSI Industries Price Performance

Shares of LYTS opened at $17.33 on Friday. The stock’s fifty day moving average is $19.42 and its 200-day moving average is $18.53. The firm has a market capitalization of $518.53 million, a price-to-earnings ratio of 22.51 and a beta of 1.00. LSI Industries Inc. has a one year low of $13.63 and a one year 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.

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%. Equities analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

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