Quantbot Technologies LP Increases Position in LSI Industries Inc. (NASDAQ:LYTS)

Quantbot Technologies LP increased its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 777.3% during the 4th quarter, HoldingsChannel reports. The fund owned 3,632 shares of the construction company’s stock after acquiring an additional 3,218 shares during the quarter. Quantbot Technologies LP’s holdings in LSI Industries were worth $71,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in shares of LSI Industries in the 3rd quarter valued at approximately $39,000. Fortitude Family Office LLC increased its stake in shares of LSI Industries by 1,559.9% in the fourth 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 during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in LSI Industries in the third quarter valued at $205,000. Centiva Capital LP bought a new position in LSI Industries during the 3rd quarter valued at $220,000. Finally, Catalina Capital Group LLC acquired a new position in LSI Industries during the 4th quarter worth $253,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Analyst Upgrades and Downgrades

LYTS has been the topic of a number of recent analyst reports. Canaccord Genuity Group upped 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. StockNews.com downgraded LSI Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, HC Wainwright boosted their price target on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a report on Friday, January 24th.

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $17.00 on Tuesday. The company has a market cap of $508.66 million, a PE ratio of 22.08 and a beta of 1.00. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The firm has a 50-day simple moving average of $19.24 and a 200 day simple moving average of $18.63. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16.

LSI Industries (NASDAQ:LYTS) last posted its 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 net margin of 4.47% and a return on equity of 11.25%. On average, sell-side analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries’s payout ratio is 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.