Bleakley Financial Group LLC Raises Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

Bleakley Financial Group LLC lifted its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 228.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,628 shares of the construction company’s stock after buying an additional 24,096 shares during the period. Bleakley Financial Group LLC owned about 0.12% of LSI Industries worth $672,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Squarepoint Ops LLC purchased a new stake in LSI Industries during the second quarter valued at approximately $191,000. SG Americas Securities LLC bought a new position in shares of LSI Industries during the 3rd quarter valued at approximately $183,000. Annex Advisory Services LLC raised its holdings in LSI Industries by 32.4% during the 3rd quarter. Annex Advisory Services LLC now owns 106,283 shares of the construction company’s stock valued at $1,716,000 after buying an additional 25,982 shares during the period. Essex Investment Management Co. LLC lifted its position in LSI Industries by 0.4% in the third quarter. Essex Investment Management Co. LLC now owns 306,397 shares of the construction company’s stock worth $4,948,000 after buying an additional 1,111 shares during the last quarter. Finally, Wedge Capital Management L L P NC boosted its stake in LSI Industries by 0.9% during the third quarter. Wedge Capital Management L L P NC now owns 85,140 shares of the construction company’s stock worth $1,375,000 after buying an additional 740 shares during the period. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Stock Performance

LYTS stock opened at $21.03 on Monday. LSI Industries Inc. has a twelve month low of $13.55 and a twelve month high of $25.50. The firm has a market cap of $627.49 million, a price-to-earnings ratio of 27.31 and a beta of 0.94. The business’s fifty day simple moving average is $20.04 and its two-hundred day simple moving average is $17.84. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.42% and a net margin of 4.47%. Analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Investors of record on Monday, February 3rd will be issued a $0.05 dividend. The ex-dividend date is Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.95%. LSI Industries’s payout ratio is 25.97%.

Analyst Upgrades and Downgrades

LYTS has been the topic of several recent analyst reports. Canaccord Genuity Group increased 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 raised their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

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.