Arrowstreet Capital Limited Partnership Has $3.94 Million Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Arrowstreet Capital Limited Partnership reduced its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 0.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 202,902 shares of the construction company’s stock after selling 1,800 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in LSI Industries were worth $3,940,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Quarry LP bought a new position in LSI Industries in the third quarter valued at approximately $39,000. Fortitude Family Office LLC boosted its stake in LSI Industries by 1,559.9% in the 4th 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. Quantbot Technologies LP grew its stake in shares of LSI Industries by 777.3% in the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company’s stock valued at $71,000 after acquiring an additional 3,218 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of LSI Industries during the 4th quarter worth approximately $82,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in LSI Industries in the third quarter valued at about $205,000. Institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

Shares of LYTS opened at $15.27 on Wednesday. The firm has a market capitalization of $456.89 million, a P/E ratio of 19.83 and a beta of 0.70. LSI Industries Inc. has a 52 week low of $13.63 and a 52 week high of $25.50. The stock has a 50 day moving average price of $18.47 and a two-hundred day moving average price of $18.63. 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 (NASDAQ:LYTS) last released its quarterly 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%. Equities analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Monday, February 3rd. LSI Industries’s payout ratio is 25.97%.

Wall Street Analysts Forecast Growth

LYTS has been the topic of several research analyst reports. HC Wainwright raised their price objective on 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 increased their price target on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday.

LSI Industries Company 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.