SG Americas Securities LLC Takes $121,000 Position in LSI Industries Inc. (NASDAQ:LYTS)

SG Americas Securities LLC purchased a new stake in LSI Industries Inc. (NASDAQ:LYTS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,571 shares of the construction company’s stock, valued at approximately $121,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. lifted its stake in shares of LSI Industries by 66.6% during the third quarter. Citigroup Inc. now owns 29,349 shares of the construction company’s stock valued at $466,000 after buying an additional 11,731 shares during the period. Wellington Management Group LLP lifted its stake in shares of LSI Industries by 7.0% during the third quarter. Wellington Management Group LLP now owns 465,061 shares of the construction company’s stock valued at $7,385,000 after buying an additional 30,300 shares during the period. American Century Companies Inc. lifted its stake in shares of LSI Industries by 52.3% during the third quarter. American Century Companies Inc. now owns 46,876 shares of the construction company’s stock valued at $744,000 after buying an additional 16,090 shares during the period. Deutsche Bank AG lifted its stake in shares of LSI Industries by 18.9% during the third quarter. Deutsche Bank AG now owns 15,861 shares of the construction company’s stock valued at $252,000 after buying an additional 2,521 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in shares of LSI Industries during the third quarter valued at approximately $180,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd.

LSI Industries Price Performance

LSI Industries stock opened at $13.99 on Friday. LSI Industries Inc. has a 52-week low of $11.44 and a 52-week high of $16.97. The firm has a fifty day moving average of $14.51 and a 200-day moving average of $14.21. The firm has a market capitalization of $406.69 million, a P/E ratio of 15.37 and a beta of 0.85. The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 0.10.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 25th. The construction company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.13. LSI Industries had a net margin of 5.71% and a return on equity of 14.91%. The company had revenue of $109.01 million during the quarter, compared to analyst estimates of $107.70 million. As a group, analysts predict that LSI Industries Inc. will post 0.89 EPS for the current year.

LSI Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Monday, February 5th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Friday, February 2nd. LSI Industries’s payout ratio is 21.98%.

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.