LSI Industries Inc. (NASDAQ:LYTS) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 17.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,340 shares of the construction company’s stock after selling 11,500 shares during the quarter. Los Angeles Capital Management LLC owned about 0.19% of LSI Industries worth $1,075,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of LYTS. Quarry LP acquired a new position in LSI Industries in the third quarter valued at $39,000. Fortitude Family Office LLC increased its stake in LSI Industries by 1,559.9% in 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. Y Intercept Hong Kong Ltd acquired a new position in LSI Industries in the third quarter valued at $205,000. Centiva Capital LP acquired a new position in LSI Industries in the third quarter valued at $220,000. Finally, Catalina Capital Group LLC acquired a new position in LSI Industries in the fourth quarter valued at $253,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

LSI Industries Stock Up 1.0 %

Shares of LSI Industries stock opened at $18.49 on Friday. The company has a market cap of $553.24 million, a P/E ratio of 24.01 and a beta of 0.94. 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 one year low of $13.63 and a one year high of $25.50. The firm has a fifty day moving average of $19.99 and a two-hundred day moving average of $18.27.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 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%. On average, analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is currently 25.97%.

Analyst Upgrades and Downgrades

A number of research firms have commented on LYTS. HC Wainwright lifted their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 24th. 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 research report on Friday, January 24th.

About LSI Industries

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.