Los Angeles Capital Management LLC Acquires 28,172 Shares of LSI Industries Inc. $LYTS

Los Angeles Capital Management LLC raised its holdings in shares of LSI Industries Inc. (NASDAQ:LYTS) by 70.3% in the 4th quarter, HoldingsChannel reports. The firm owned 68,245 shares of the construction company’s stock after buying an additional 28,172 shares during the period. Los Angeles Capital Management LLC’s holdings in LSI Industries were worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYTS. AQR Capital Management LLC increased its holdings in shares of LSI Industries by 26.7% in the first quarter. AQR Capital Management LLC now owns 61,107 shares of the construction company’s stock valued at $1,039,000 after purchasing an additional 12,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of LSI Industries by 6.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,165 shares of the construction company’s stock worth $292,000 after buying an additional 1,113 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of LSI Industries during the 1st quarter worth about $560,000. Strs Ohio bought a new stake in shares of LSI Industries during the 1st quarter worth about $34,000. Finally, Quantbot Technologies LP grew its stake in LSI Industries by 133.3% in the 2nd quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock valued at $95,000 after buying an additional 3,206 shares during the last quarter. 73.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LYTS. Oppenheimer assumed coverage on shares of LSI Industries in a report on Tuesday. They issued an “outperform” rating and a $30.00 price target on the stock. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen lowered LSI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings cut LSI Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, LSI Industries has a consensus rating of “Moderate Buy” and an average price target of $28.75.

Insider Activity at LSI Industries

In other LSI Industries news, CFO James E. Galeese sold 136,578 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $24.29, for a total transaction of $3,317,479.62. Following the transaction, the chief financial officer owned 173,288 shares in the company, valued at $4,209,165.52. This trade represents a 44.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas A. Caneris sold 109,226 shares of LSI Industries stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $24.29, for a total value of $2,653,099.54. Following the completion of the transaction, the executive vice president directly owned 64,790 shares of the company’s stock, valued at $1,573,749.10. This represents a 62.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 256,173 shares of company stock worth $6,220,368. Company insiders own 7.30% of the company’s stock.

LSI Industries Price Performance

NASDAQ:LYTS opened at $24.63 on Thursday. LSI Industries Inc. has a 52 week low of $16.00 and a 52 week high of $24.99. The firm has a market cap of $904.17 million, a price-to-earnings ratio of 32.84 and a beta of 0.53. The firm’s 50-day simple moving average is $22.17 and its 200 day simple moving average is $20.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.34). LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The business had revenue of $150.53 million during the quarter, compared to the consensus estimate of $163.53 million. As a group, sell-side analysts predict that LSI Industries Inc. will post 0.81 earnings per share for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Monday, May 4th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, May 4th. LSI Industries’s payout ratio is presently 26.67%.

LSI Industries Profile

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.