Campbell & CO Investment Adviser LLC lifted its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS – Free Report) by 2.2% during the third quarter, HoldingsChannel.com reports. The fund owned 43,736 shares of the construction company’s stock after purchasing an additional 934 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in LSI Industries were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. grew its position in LSI Industries by 154.3% in the 2nd quarter. BlackRock Inc. now owns 1,858,104 shares of the construction company’s stock valued at $23,338,000 after buying an additional 1,127,478 shares during the last quarter. State Street Corp grew its position in LSI Industries by 303.8% in the 2nd quarter. State Street Corp now owns 434,579 shares of the construction company’s stock valued at $5,458,000 after buying an additional 326,955 shares during the last quarter. Geode Capital Management LLC grew its position in LSI Industries by 101.6% in the 2nd quarter. Geode Capital Management LLC now owns 554,580 shares of the construction company’s stock valued at $6,966,000 after buying an additional 279,550 shares during the last quarter. JPMorgan Chase & Co. grew its position in LSI Industries by 1,914.3% in the 1st quarter. JPMorgan Chase & Co. now owns 264,704 shares of the construction company’s stock valued at $3,687,000 after buying an additional 251,563 shares during the last quarter. Finally, Northern Trust Corp grew its position in LSI Industries by 318.0% in the 2nd quarter. Northern Trust Corp now owns 240,266 shares of the construction company’s stock valued at $3,018,000 after buying an additional 182,787 shares during the last quarter. 70.30% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd.
LSI Industries Price Performance
Shares of NASDAQ LYTS opened at $13.78 on Monday. The firm has a market capitalization of $400.58 million, a P/E ratio of 15.14 and a beta of 0.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.24 and a current ratio of 2.16. LSI Industries Inc. has a one year low of $11.44 and a one year high of $16.97. The company’s fifty day moving average is $13.80 and its two-hundred day moving average is $14.21.
LSI Industries Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Monday, February 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, February 2nd. LSI Industries’s dividend payout ratio (DPR) is presently 21.98%.
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.
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