Essex Investment Management Co. LLC Sells 36,486 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Essex Investment Management Co. LLC decreased its stake in LSI Industries Inc. (NASDAQ:LYTS) by 11.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,911 shares of the construction company’s stock after selling 36,486 shares during the period. LSI Industries comprises about 0.9% of Essex Investment Management Co. LLC’s holdings, making the stock its 26th largest holding. Essex Investment Management Co. LLC’s holdings in LSI Industries were worth $5,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of LSI Industries during the third quarter valued at $39,000. Fortitude Family Office LLC raised its stake in shares of LSI Industries by 1,559.9% during the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock valued at $62,000 after acquiring an additional 2,995 shares during 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 bought a new position in shares of LSI Industries during the third quarter valued at $220,000. Finally, Catalina Capital Group LLC bought a new position in shares of LSI Industries during the fourth quarter valued at $253,000. Institutional investors own 73.91% of the company’s stock.

LSI Industries Trading Up 0.2 %

LYTS opened at $17.53 on Friday. LSI Industries Inc. has a twelve month low of $13.63 and a twelve month high of $25.50. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $19.79 and a 200-day moving average of $18.37. The stock has a market cap of $524.52 million, a PE ratio of 22.77 and a beta of 1.00.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. On average, sell-side 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. This represents a $0.20 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 25.97%.

Wall Street Analysts Forecast Growth

LYTS has been the subject of several analyst reports. Canaccord Genuity Group raised their price target 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 target on shares of LSI Industries from $20.00 to $30.00 and gave the company 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.