Los Angeles Capital Management LLC Has $817,000 Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

Los Angeles Capital Management LLC cut its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,000 shares of the construction company’s stock after selling 9,550 shares during the quarter. Los Angeles Capital Management LLC owned about 0.20% of LSI Industries worth $817,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LYTS. Wellington Management Group LLP increased its position in LSI Industries by 7.0% during the third quarter. Wellington Management Group LLP now owns 465,061 shares of the construction company’s stock worth $7,385,000 after acquiring an additional 30,300 shares during the period. Legato Capital Management LLC raised its position in shares of LSI Industries by 37.9% during the fourth quarter. Legato Capital Management LLC now owns 376,457 shares of the construction company’s stock valued at $5,301,000 after buying an additional 103,480 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of LSI Industries by 0.8% in the third quarter. Bank of New York Mellon Corp now owns 281,795 shares of the construction company’s stock valued at $4,475,000 after buying an additional 2,146 shares during the period. New York State Common Retirement Fund grew its position in LSI Industries by 57.5% during the fourth quarter. New York State Common Retirement Fund now owns 258,175 shares of the construction company’s stock worth $3,635,000 after buying an additional 94,302 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in LSI Industries by 21.0% during the third quarter. First Eagle Investment Management LLC now owns 223,600 shares of the construction company’s stock valued at $3,551,000 after acquiring an additional 38,763 shares during the period. 73.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

LSI Industries Trading Up 1.3 %

LYTS stock opened at $16.07 on Friday. LSI Industries Inc. has a 1-year low of $11.44 and a 1-year high of $16.97. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $14.75 and its 200-day moving average is $14.09. The firm has a market cap of $467.15 million, a P/E ratio of 17.28 and a beta of 0.82.

LSI Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Monday, May 6th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, May 3rd. LSI Industries’s dividend payout ratio (DPR) is 21.51%.

LSI Industries 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.