Bailard Inc. Takes Position in LSI Industries Inc. (NASDAQ:LYTS)

Bailard Inc. acquired a new position in shares of LSI Industries Inc. (NASDAQ:LYTS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,400 shares of the construction company’s stock, valued at approximately $260,000.

Several other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC lifted its stake in LSI Industries by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 46,911 shares of the construction company’s stock worth $758,000 after purchasing an additional 1,535 shares during the period. Phocas Financial Corp. bought a new position in shares of LSI Industries during the 3rd quarter worth approximately $3,682,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of LSI Industries by 0.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company’s stock worth $2,345,000 after buying an additional 494 shares during the period. West Tower Group LLC boosted its stake in LSI Industries by 21.2% in the 3rd quarter. West Tower Group LLC now owns 34,365 shares of the construction company’s stock valued at $555,000 after buying an additional 6,000 shares in the last quarter. Finally, FMR LLC grew its position in LSI Industries by 24.0% in the third quarter. FMR LLC now owns 86,748 shares of the construction company’s stock valued at $1,401,000 after acquiring an additional 16,780 shares during the period. 73.91% of the stock is currently owned by institutional investors and hedge funds.

LSI Industries Trading Up 0.3 %

LYTS stock opened at $17.33 on Thursday. The business has a fifty day moving average price of $19.92 and a 200 day moving average price of $18.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The stock has a market capitalization of $518.53 million, a price-to-earnings ratio of 22.51 and a beta of 0.94.

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

LSI Industries Announces Dividend

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

Analyst Upgrades and Downgrades

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