LSI Industries Inc. (NASDAQ:LYTS) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its position in LSI Industries Inc. (NASDAQ:LYTS) by 57.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 258,175 shares of the construction company’s stock after buying an additional 94,302 shares during the period. New York State Common Retirement Fund owned about 0.89% of LSI Industries worth $3,635,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Legato Capital Management LLC boosted its stake in shares of LSI Industries by 37.9% in the fourth quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company’s stock worth $5,301,000 after acquiring an additional 103,480 shares during the last quarter. Trexquant Investment LP boosted its stake in LSI Industries by 115.0% during the 3rd quarter. Trexquant Investment LP now owns 30,273 shares of the construction company’s stock worth $481,000 after purchasing an additional 16,194 shares during the last quarter. Citigroup Inc. grew its holdings in shares of LSI Industries by 66.6% during the third quarter. Citigroup Inc. now owns 29,349 shares of the construction company’s stock worth $466,000 after buying an additional 11,731 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of LSI Industries in the third quarter valued at about $1,073,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of LSI Industries in the third quarter valued at about $567,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Price Performance

Shares of LYTS stock opened at $15.28 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.24. The company has a market capitalization of $444.19 million, a PE ratio of 16.43 and a beta of 0.82. The firm’s 50-day moving average is $14.66 and its two-hundred day moving average is $14.06. LSI Industries Inc. has a 12 month low of $11.44 and a 12 month high of $16.97.

LSI Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Monday, May 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, May 3rd. LSI Industries’s dividend payout ratio is presently 21.51%.

Analyst Ratings Changes

Several brokerages recently issued reports on LYTS. StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 3rd. HC Wainwright reaffirmed a “buy” rating and issued a $20.00 price target on shares of LSI Industries in a report on Monday, April 22nd. Finally, Canaccord Genuity Group lifted their price objective on LSI Industries from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, April 26th.

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.