LSI Industries Inc. (NASDAQ:LYTS) Shares Sold by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc lessened its stake in shares of LSI Industries Inc. (NASDAQ:LYTSFree Report) by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,197 shares of the construction company’s stock after selling 55,141 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in LSI Industries were worth $4,480,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC grew its holdings in shares of LSI Industries by 2.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 43,736 shares of the construction company’s stock valued at $695,000 after purchasing an additional 934 shares in the last quarter. Victory Capital Management Inc. raised its position in LSI Industries by 10.2% in the 4th quarter. Victory Capital Management Inc. now owns 11,457 shares of the construction company’s stock valued at $140,000 after purchasing an additional 1,062 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of LSI Industries by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 225,597 shares of the construction company’s stock valued at $3,143,000 after buying an additional 1,242 shares during the period. EAM Investors LLC grew its position in shares of LSI Industries by 0.6% during the fourth quarter. EAM Investors LLC now owns 227,017 shares of the construction company’s stock worth $2,779,000 after buying an additional 1,446 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in LSI Industries by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 74,334 shares of the construction company’s stock valued at $1,180,000 after acquiring an additional 1,607 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors and hedge funds.

LSI Industries Stock Down 2.8 %

Shares of LYTS traded down $0.42 during mid-day trading on Tuesday, reaching $14.78. The company’s stock had a trading volume of 16,506 shares, compared to its average volume of 110,596. 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 stock has a market cap of $429.65 million, a PE ratio of 16.70 and a beta of 0.85. The company’s 50 day moving average is $14.29 and its 200 day moving average is $14.26.

LSI Industries (NASDAQ:LYTSGet 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%. Equities analysts anticipate that LSI Industries Inc. will post 0.89 EPS for the current fiscal year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Monday, February 5th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%. LSI Industries’s dividend payout ratio (DPR) is presently 21.98%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd.

Get Our Latest Stock Analysis on LYTS

About LSI Industries

(Free Report)

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.

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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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