SG Americas Securities LLC Raises Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

SG Americas Securities LLC lifted its stake in LSI Industries Inc. (NASDAQ:LYTS) by 24.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,086 shares of the construction company’s stock after buying an additional 2,731 shares during the period. SG Americas Securities LLC’s holdings in LSI Industries were worth $274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Quarry LP acquired a new position in LSI Industries in the third quarter valued at $39,000. Fortitude Family Office LLC lifted its holdings in shares of LSI Industries by 1,559.9% in the 4th 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 during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of LSI Industries in the 3rd quarter valued at about $205,000. Squarepoint Ops LLC purchased a new position in LSI Industries during the 2nd quarter worth approximately $191,000. Finally, Centiva Capital LP purchased a new position in LSI Industries during the 3rd quarter worth approximately $220,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. HC Wainwright increased 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. Canaccord Genuity Group raised their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.

LSI Industries Stock Up 1.2 %

LYTS opened at $21.23 on Thursday. LSI Industries Inc. has a 52 week low of $13.40 and a 52 week high of $25.50. The business has a 50 day moving average price of $20.01 and a two-hundred day moving average price of $17.76. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The company has a market cap of $633.46 million, a PE ratio of 27.57 and a beta of 0.94.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.42%. As a group, research analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.94%. LSI Industries’s payout ratio is currently 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.