4,200 Shares in LSI Industries Inc. (NASDAQ:LYTS) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in LSI Industries Inc. (NASDAQ:LYTS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,200 shares of the construction company’s stock, valued at approximately $82,000.

A number of other institutional investors have also bought and sold shares of the business. Fortitude Family Office LLC grew its position 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 valued at $62,000 after purchasing an additional 2,995 shares in the last quarter. Quantbot Technologies LP grew its holdings in LSI Industries by 777.3% in the 4th quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company’s stock valued at $71,000 after buying an additional 3,218 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in LSI Industries in the 3rd quarter valued at $205,000. Centiva Capital LP acquired a new stake in shares of LSI Industries in the 3rd quarter worth $220,000. Finally, Catalina Capital Group LLC purchased a new position in shares of LSI Industries during the 4th quarter worth $253,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LYTS. StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, April 6th. HC Wainwright upped their price objective on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Canaccord Genuity Group raised their target price on LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

LSI Industries Trading Up 1.6 %

Shares of LYTS stock opened at $16.23 on Friday. The company has a 50-day moving average of $18.09 and a two-hundred day moving average of $18.63. The firm has a market cap of $485.62 million, a PE ratio of 21.08 and a beta of 0.70. 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.

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

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Monday, February 3rd. LSI Industries’s payout ratio is 25.97%.

About LSI Industries

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.