Raymond James & Associates Sells 4,500 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Raymond James & Associates cut its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 17.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,922 shares of the construction company’s stock after selling 4,500 shares during the period. Raymond James & Associates’ holdings in LSI Industries were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LYTS. Campbell & CO Investment Adviser LLC increased its stake in LSI Industries by 2.2% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 43,736 shares of the construction company’s stock valued at $695,000 after buying an additional 934 shares during the last quarter. Jump Financial LLC grew its holdings in shares of LSI Industries by 6.2% in the 3rd quarter. Jump Financial LLC now owns 29,000 shares of the construction company’s stock valued at $461,000 after acquiring an additional 1,700 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of LSI Industries by 8.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 24,122 shares of the construction company’s stock valued at $383,000 after acquiring an additional 1,944 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in LSI Industries by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 281,795 shares of the construction company’s stock worth $4,475,000 after acquiring an additional 2,146 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in LSI Industries during the fourth quarter valued at approximately $121,000. Institutional investors own 73.91% of the company’s stock.

Analyst Upgrades and Downgrades

LYTS has been the topic of several recent analyst reports. Canaccord Genuity Group boosted their price target on LSI Industries from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd. Finally, HC Wainwright reaffirmed a “buy” rating and set a $20.00 price target on shares of LSI Industries in a research report on Monday, April 22nd.

LSI Industries Price Performance

Shares of NASDAQ LYTS opened at $15.01 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $14.60 and its two-hundred day moving average price is $14.10. The company has a market cap of $436.34 million, a PE ratio of 16.14 and a beta of 0.85. LSI Industries Inc. has a twelve month low of $11.44 and a twelve month high of $16.97.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Monday, May 6th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 3rd. LSI Industries’s payout ratio is presently 21.51%.

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.