UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,708 Shares of LSI Industries Inc. (NASDAQ:LYTS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,260 shares of the construction company’s stock after selling 3,708 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of LSI Industries worth $747,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of LSI Industries by 0.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company’s stock valued at $2,345,000 after purchasing an additional 494 shares during the period. Wedge Capital Management L L P NC increased its stake in LSI Industries by 0.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 85,140 shares of the construction company’s stock worth $1,375,000 after buying an additional 740 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in LSI Industries by 0.4% during the third quarter. Essex Investment Management Co. LLC now owns 306,397 shares of the construction company’s stock valued at $4,948,000 after acquiring an additional 1,111 shares during the period. Principal Financial Group Inc. lifted its position in shares of LSI Industries by 10.4% in the second quarter. Principal Financial Group Inc. now owns 14,793 shares of the construction company’s stock valued at $214,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of LSI Industries by 3.4% in the third quarter. Janney Montgomery Scott LLC now owns 46,911 shares of the construction company’s stock worth $758,000 after acquiring an additional 1,535 shares during the period. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

NASDAQ:LYTS opened at $19.04 on Friday. The stock has a 50-day moving average price of $18.79 and a 200 day moving average price of $16.51. The stock has a market capitalization of $568.12 million, a P/E ratio of 24.10 and a beta of 0.92. LSI Industries Inc. has a 12-month low of $13.32 and a 12-month high of $21.19. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Monday, November 18th. LSI Industries’s payout ratio is currently 25.32%.

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.