LSI Industries Inc. $LYTS Shares Acquired by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC increased its position in LSI Industries Inc. (NASDAQ:LYTS) by 26.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,678 shares of the construction company’s stock after purchasing an additional 12,371 shares during the period. Integrated Quantitative Investments LLC owned 0.20% of LSI Industries worth $998,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYTS. Strs Ohio acquired a new stake in LSI Industries during the first quarter valued at approximately $34,000. Coppell Advisory Solutions LLC increased its holdings in shares of LSI Industries by 80,200.0% in the 1st quarter. Coppell Advisory Solutions LLC now owns 5,621 shares of the construction company’s stock valued at $96,000 after acquiring an additional 5,614 shares during the last quarter. Ascent Group LLC acquired a new stake in shares of LSI Industries during the 1st quarter valued at approximately $189,000. State of Wyoming bought a new position in LSI Industries during the first quarter worth $244,000. Finally, Corton Capital Inc. bought a new position in LSI Industries during the second quarter worth $253,000. 73.91% of the stock is owned by institutional investors.

LSI Industries Stock Performance

Shares of NASDAQ LYTS opened at $18.40 on Friday. LSI Industries Inc. has a 12-month low of $13.77 and a 12-month high of $25.50. The company has a market cap of $572.11 million, a PE ratio of 23.29 and a beta of 0.25. The stock has a 50 day simple moving average of $22.47 and a 200-day simple moving average of $19.45. The company has a current ratio of 1.99, a quick ratio of 1.17 and a debt-to-equity ratio of 0.19.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share for the quarter. LSI Industries had a return on equity of 11.07% and a net margin of 4.25%.The firm had revenue of $97.02 million for the quarter. On average, equities research analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 17th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, November 17th. LSI Industries’s dividend payout ratio is currently 25.00%.

Analyst Ratings Changes

LYTS has been the subject of several recent research reports. Wall Street Zen lowered shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Craig Hallum reaffirmed a “buy” rating and set a $28.00 price objective on shares of LSI Industries in a research report on Friday, August 22nd. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Canaccord Genuity Group raised their target price on shares of LSI Industries from $22.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, August 25th. Finally, Weiss Ratings downgraded LSI Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, LSI Industries currently has an average rating of “Moderate Buy” and an average price target of $27.67.

Insider Buying and Selling at LSI Industries

In other LSI Industries news, CEO James Anthony Clark sold 26,597 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total transaction of $613,858.76. Following the sale, the chief executive officer directly owned 421,313 shares in the company, valued at approximately $9,723,904.04. The trade was a 5.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas A. Caneris sold 7,544 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $23.08, for a total transaction of $174,115.52. Following the completion of the transaction, the vice president owned 114,016 shares of the company’s stock, valued at $2,631,489.28. This trade represents a 6.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 94,780 shares of company stock valued at $2,198,983. Company insiders own 7.30% of the company’s stock.

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.