Campbell & CO Investment Adviser LLC Makes New Investment in LSI Industries Inc. $LYTS

Campbell & CO Investment Adviser LLC acquired a new position in shares of LSI Industries Inc. (NASDAQ:LYTS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,786 shares of the construction company’s stock, valued at approximately $303,000. Campbell & CO Investment Adviser LLC owned 0.06% of LSI Industries at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Phocas Financial Corp. lifted its position in LSI Industries by 0.9% during the 2nd quarter. Phocas Financial Corp. now owns 215,840 shares of the construction company’s stock worth $3,671,000 after acquiring an additional 1,900 shares during the period. Corton Capital Inc. purchased a new position in shares of LSI Industries in the second quarter worth about $253,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of LSI Industries during the second quarter worth about $473,000. Johnson Investment Counsel Inc. lifted its holdings in shares of LSI Industries by 0.9% during the second quarter. Johnson Investment Counsel Inc. now owns 117,863 shares of the construction company’s stock worth $2,005,000 after purchasing an additional 1,097 shares during the period. Finally, Knights of Columbus Asset Advisors LLC boosted its position in LSI Industries by 6.7% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 125,989 shares of the construction company’s stock valued at $2,143,000 after buying an additional 7,954 shares during the last quarter. 73.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Weiss Ratings lowered shares of LSI Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, November 10th. Craig Hallum reiterated a “buy” rating and issued a $28.00 price objective on shares of LSI Industries in a research note on Friday, August 22nd. Zacks Research upgraded shares of LSI Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Canaccord Genuity Group upped their price target on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a report on Monday, August 25th. Finally, Wall Street Zen lowered LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, LSI Industries presently has an average rating of “Moderate Buy” and a consensus target price of $27.67.

Insider Activity

In related news, VP Thomas A. Caneris sold 7,544 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $23.08, for a total transaction of $174,115.52. Following the completion of the sale, the vice president directly owned 114,016 shares in the company, valued at approximately $2,631,489.28. The trade was a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James E. Galeese sold 54,575 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $23.29, for a total value of $1,271,051.75. Following the completion of the transaction, the chief financial officer owned 173,288 shares in the company, valued at $4,035,877.52. The trade was a 23.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 94,780 shares of company stock worth $2,198,983 over the last quarter. 7.30% of the stock is currently owned by corporate insiders.

LSI Industries Price Performance

NASDAQ:LYTS opened at $17.62 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 1.99 and a debt-to-equity ratio of 0.19. LSI Industries Inc. has a 52 week low of $13.77 and a 52 week high of $25.50. The stock’s 50-day moving average price is $22.34 and its 200-day moving average price is $19.50. The stock has a market capitalization of $547.86 million, a PE ratio of 22.30 and a beta of 0.25.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Friday, September 9th. The construction company reported $0.12 earnings per share for the quarter. LSI Industries had a net margin of 4.25% and a return on equity of 11.07%. The company had revenue of $97.02 million during the quarter. As a group, equities analysts expect that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

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

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.