G2 Investment Partners Management LLC Increases Holdings in LSI Industries Inc. (NASDAQ:LYTS)

G2 Investment Partners Management LLC lifted its position in shares of LSI Industries Inc. (NASDAQ:LYTSFree Report) by 23.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 424,848 shares of the construction company’s stock after buying an additional 80,818 shares during the period. LSI Industries comprises 1.8% of G2 Investment Partners Management LLC’s investment portfolio, making the stock its 21st largest position. G2 Investment Partners Management LLC owned 1.46% of LSI Industries worth $5,982,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. New York State Teachers Retirement System purchased a new position in shares of LSI Industries during the 4th quarter valued at about $35,000. SG Americas Securities LLC bought a new position in LSI Industries during the 4th quarter worth approximately $121,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in LSI Industries during the 4th quarter worth approximately $145,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in LSI Industries by 8.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 24,122 shares of the construction company’s stock worth $383,000 after acquiring an additional 1,944 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in LSI Industries by 25.5% during the 4th quarter. BNP Paribas Financial Markets now owns 30,567 shares of the construction company’s stock worth $430,000 after acquiring an additional 6,203 shares during the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Stock Down 2.2 %

Shares of NASDAQ LYTS traded down $0.34 during mid-day trading on Thursday, hitting $14.87. 18,873 shares of the stock traded hands, compared to its average volume of 102,815. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.25 and a current ratio of 2.17. LSI Industries Inc. has a 52 week low of $11.44 and a 52 week high of $16.97. The company has a market cap of $433.16 million, a price-to-earnings ratio of 16.03 and a beta of 0.86. The stock has a fifty day moving average price of $15.21 and a 200-day moving average price of $14.46.

LSI Industries (NASDAQ:LYTSGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. LSI Industries had a return on equity of 14.68% and a net margin of 5.97%. The company had revenue of $108.19 million for the quarter, compared to analyst estimates of $105.71 million. Research analysts anticipate that LSI Industries Inc. will post 0.82 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Monday, May 6th were given a dividend of $0.05 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.34%. LSI Industries’s dividend payout ratio is presently 21.51%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LYTS. HC Wainwright restated a “buy” rating and set a $20.00 price target on shares of LSI Industries in a research report on Monday, April 22nd. Canaccord Genuity Group lifted their price objective on LSI Industries from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, April 26th.

View Our Latest Stock Analysis on LYTS

LSI Industries Company Profile

(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.

See Also

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

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