Connor Clark & Lunn Investment Management Ltd. Grows Stake in LSI Industries Inc. (NASDAQ:LYTS)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 0.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,171 shares of the construction company’s stock after buying an additional 494 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.49% of LSI Industries worth $2,345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LYTS. Vanguard Group Inc. raised its holdings in shares of LSI Industries by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 1,448,831 shares of the construction company’s stock valued at $21,906,000 after acquiring an additional 14,559 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in LSI Industries by 4.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,770 shares of the construction company’s stock valued at $345,000 after purchasing an additional 993 shares in the last quarter. Kennedy Capital Management LLC lifted its position in LSI Industries by 6.9% during the first quarter. Kennedy Capital Management LLC now owns 298,960 shares of the construction company’s stock valued at $4,520,000 after purchasing an additional 19,393 shares during the last quarter. Comerica Bank grew its stake in LSI Industries by 2,185.1% in the 1st quarter. Comerica Bank now owns 22,714 shares of the construction company’s stock worth $343,000 after buying an additional 21,720 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new position in shares of LSI Industries in the 2nd quarter worth $250,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reiterated a “buy” rating and issued a $20.00 target price on shares of LSI Industries in a research report on Friday, August 16th.

LSI Industries Stock Performance

Shares of NASDAQ LYTS opened at $20.75 on Tuesday. The stock has a market cap of $619.14 million, a price-to-earnings ratio of 26.27 and a beta of 0.87. The stock’s 50-day moving average is $17.26 and its 200 day moving average is $15.95. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. LSI Industries Inc. has a 1-year low of $12.82 and a 1-year high of $21.17.

LSI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. LSI Industries’s dividend payout ratio (DPR) is 25.32%.

About LSI Industries

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.