Zurcher Kantonalbank Zurich Cantonalbank Buys New Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in LSI Industries Inc. (NASDAQ:LYTS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,327 shares of the construction company’s stock, valued at approximately $145,000.

Other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in LSI Industries in the fourth quarter valued at approximately $35,000. SG Americas Securities LLC purchased a new stake in LSI Industries in the fourth quarter valued at approximately $121,000. Allspring Global Investments Holdings LLC purchased a new stake in LSI Industries in the third quarter valued at approximately $247,000. Arete Wealth Advisors LLC purchased a new stake in LSI Industries in the third quarter valued at approximately $364,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in 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 buying an additional 1,944 shares during the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

Analyst Upgrades and Downgrades

LYTS has been the topic of several recent research reports. HC Wainwright restated a “buy” rating and issued a $20.00 price objective on shares of LSI Industries in a research report on Monday, April 22nd. StockNews.com upgraded LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd. Finally, Canaccord Genuity Group upped their price objective on LSI Industries from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, April 26th.

LSI Industries Trading Up 4.3 %

LSI Industries stock opened at $15.87 on Thursday. LSI Industries Inc. has a 12 month low of $11.44 and a 12 month high of $16.97. The firm has a market cap of $461.34 million, a PE ratio of 17.06 and a beta of 0.82. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $14.72 and its two-hundred day simple moving average is $14.08.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Monday, May 6th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.26%. LSI Industries’s dividend payout ratio (DPR) is 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.