LSI Industries Inc. $LYTS is Archon Capital Management LLC’s 9th Largest Position

Archon Capital Management LLC grew its position in shares of LSI Industries Inc. (NASDAQ:LYTS) by 67.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 284,872 shares of the construction company’s stock after buying an additional 115,124 shares during the quarter. LSI Industries accounts for approximately 4.0% of Archon Capital Management LLC’s holdings, making the stock its 9th largest position. Archon Capital Management LLC owned approximately 0.95% of LSI Industries worth $4,846,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LYTS. Walleye Capital LLC purchased a new stake in LSI Industries during the second quarter valued at $584,000. Kennedy Capital Management LLC boosted its position in LSI Industries by 8.1% in the second quarter. Kennedy Capital Management LLC now owns 128,767 shares of the construction company’s stock worth $2,190,000 after purchasing an additional 9,650 shares during the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of LSI Industries during the 2nd quarter valued at about $47,000. Systematic Financial Management LP increased its position in shares of LSI Industries by 1.0% during the 2nd quarter. Systematic Financial Management LP now owns 2,592,372 shares of the construction company’s stock valued at $44,096,000 after purchasing an additional 26,546 shares during the last quarter. Finally, CW Advisors LLC bought a new position in shares of LSI Industries in the 2nd quarter worth approximately $392,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Stock Up 1.2%

LYTS opened at $18.72 on Friday. The stock has a market cap of $582.00 million, a price-to-earnings ratio of 23.40 and a beta of 0.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.36 and a current ratio of 2.19. The firm’s fifty day moving average is $21.01 and its 200 day moving average is $19.63. LSI Industries Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $25.50.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Friday, September 9th. The construction company reported $0.12 earnings per share (EPS) for the quarter. LSI Industries had a return on equity of 10.96% and a net margin of 4.21%.The business had revenue of $97.02 million during the quarter. On average, sell-side analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

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

Insiders Place Their Bets

In other LSI Industries news, CFO James E. Galeese sold 54,575 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was 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 directly owned 173,288 shares in the company, valued at $4,035,877.52. This represents a 23.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 7.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of LSI Industries from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Craig Hallum reiterated a “buy” rating and set a $28.00 price target on shares of LSI Industries in a research note on Friday, August 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of LSI Industries in a research report on Monday. Zacks Research raised LSI Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, Wall Street Zen downgraded LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.

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.