Proficio Capital Partners LLC Makes New Investment in LSI Industries Inc. (NASDAQ:LYTS)

Proficio Capital Partners LLC bought a new stake in LSI Industries Inc. (NASDAQ:LYTS) in the fourth quarter, Holdings Channel reports. The institutional investor bought 16,313 shares of the construction company’s stock, valued at approximately $317,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP bought a new position in LSI Industries during the third quarter worth about $39,000. Fortitude Family Office LLC raised its holdings in shares of 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 worth $62,000 after buying an additional 2,995 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of LSI Industries during the third quarter valued at $205,000. Centiva Capital LP acquired a new position in LSI Industries in the third quarter valued at about $220,000. Finally, Catalina Capital Group LLC bought a new stake in LSI Industries during the 4th quarter worth approximately $253,000. Institutional investors own 73.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

LSI Industries Stock Performance

Shares of LSI Industries stock opened at $17.85 on Wednesday. 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 Inc. has a 52 week low of $13.63 and a 52 week high of $25.50. The firm has a fifty day moving average of $19.39 and a two-hundred day moving average of $18.58. The stock has a market capitalization of $534.09 million, a price-to-earnings ratio of 23.18 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 EPS 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%. As a group, equities research analysts predict that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.12%. LSI Industries’s dividend payout ratio is currently 25.97%.

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.