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

Proficio Capital Partners LLC purchased a new position in LSI Industries Inc. (NASDAQ:LYTS) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 16,313 shares of the construction company’s stock, valued at approximately $317,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of LSI Industries by 0.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company’s stock valued at $2,345,000 after purchasing an additional 494 shares during the last quarter. Martingale Asset Management L P lifted its stake in shares of LSI Industries by 1.4% in the 3rd quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company’s stock valued at $1,328,000 after purchasing an additional 1,102 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of LSI Industries by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 46,911 shares of the construction company’s stock valued at $758,000 after purchasing an additional 1,535 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of LSI Industries by 4.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock valued at $910,000 after purchasing an additional 1,876 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of LSI Industries during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Up 0.5 %

Shares of LYTS stock opened at $17.17 on Wednesday. The stock’s fifty day moving average price is $19.75 and its 200 day moving average price is $18.44. LSI Industries Inc. has a 1-year low of $13.63 and a 1-year high of $25.50. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. The company has a market cap of $513.74 million, a price-to-earnings ratio of 22.30 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share (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, research analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.16%. LSI Industries’s dividend payout ratio (DPR) is currently 25.97%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LYTS. Canaccord Genuity Group raised their price target on LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. HC Wainwright raised their price target on 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.