Wellington Management Group LLP Purchases 6,500 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Wellington Management Group LLP increased its position in LSI Industries Inc. (NASDAQ:LYTS) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 471,561 shares of the construction company’s stock after acquiring an additional 6,500 shares during the period. Wellington Management Group LLP owned about 1.62% of LSI Industries worth $6,640,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Citigroup Inc. raised its position in LSI Industries by 66.6% in the third quarter. Citigroup Inc. now owns 29,349 shares of the construction company’s stock worth $466,000 after acquiring an additional 11,731 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in LSI Industries by 9.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,071 shares of the construction company’s stock valued at $1,684,000 after purchasing an additional 8,812 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in LSI Industries by 21.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 128,694 shares of the construction company’s stock valued at $2,044,000 after purchasing an additional 22,821 shares in the last quarter. Trexquant Investment LP grew its holdings in LSI Industries by 115.0% during the third quarter. Trexquant Investment LP now owns 30,273 shares of the construction company’s stock valued at $481,000 after purchasing an additional 16,194 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in LSI Industries in the fourth quarter worth about $121,000. Institutional investors own 73.91% of the company’s stock.

Insider Activity

In other LSI Industries news, CFO James E. Galeese sold 2,122 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $15.10, for a total transaction of $32,042.20. Following the completion of the transaction, the chief financial officer now owns 104,050 shares in the company, valued at approximately $1,571,155. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.30% of the company’s stock.

Wall Street Analysts Forecast Growth

LYTS has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, April 26th. HC Wainwright reiterated a “buy” rating and issued a $20.00 price target on shares of LSI Industries in a research report on Monday, April 22nd.

LSI Industries Stock Up 0.6 %

Shares of LYTS opened at $14.47 on Friday. The business’s 50 day moving average is $15.21 and its 200 day moving average is $14.56. The company has a current ratio of 2.17, a quick ratio of 1.25 and a debt-to-equity ratio of 0.07. LSI Industries Inc. has a 12-month low of $11.44 and a 12-month high of $16.97. The company has a market capitalization of $421.51 million, a PE ratio of 15.56 and a beta of 0.86.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. LSI Industries had a net margin of 5.97% and a return on equity of 14.68%. The firm had revenue of $108.19 million for the quarter, compared to analysts’ expectations of $105.71 million. Research analysts expect that LSI Industries Inc. will post 0.82 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Monday, May 6th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, May 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 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.