SG Americas Securities LLC Takes Position in LSI Industries Inc. $LYTS

SG Americas Securities LLC bought a new stake in LSI Industries Inc. (NASDAQ:LYTS) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 35,963 shares of the construction company’s stock, valued at approximately $849,000. SG Americas Securities LLC owned 0.12% of LSI Industries at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Strs Ohio bought a new position in LSI Industries in the first quarter worth approximately $34,000. EverSource Wealth Advisors LLC acquired a new position in shares of LSI Industries during the second quarter worth approximately $47,000. BNP Paribas Financial Markets lifted its holdings in shares of LSI Industries by 22.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,077 shares of the construction company’s stock worth $69,000 after purchasing an additional 736 shares in the last quarter. Tower Research Capital LLC TRC grew its position in LSI Industries by 141.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,363 shares of the construction company’s stock valued at $74,000 after purchasing an additional 2,555 shares during the period. Finally, Quantbot Technologies LP grew its position in LSI Industries by 133.3% in the 2nd quarter. Quantbot Technologies LP now owns 5,611 shares of the construction company’s stock valued at $95,000 after purchasing an additional 3,206 shares during the period. 73.91% of the stock is owned by institutional investors.

LSI Industries Stock Down 0.1%

LSI Industries stock opened at $19.85 on Tuesday. LSI Industries Inc. has a fifty-two week low of $13.77 and a fifty-two week high of $25.50. 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 50-day simple moving average is $18.70 and its 200 day simple moving average is $20.26. The stock has a market cap of $617.14 million, a PE ratio of 24.81 and a beta of 0.18.

LSI Industries (NASDAQ:LYTS) last announced its quarterly earnings data on Friday, November 7th. The construction company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. LSI Industries had a return on equity of 10.96% and a net margin of 4.21%.The firm had revenue of $157.25 million during the quarter, compared to the consensus estimate of $149.48 million. Research analysts predict that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Monday, November 17th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.20 annualized dividend and a yield of 1.0%. LSI Industries’s payout ratio is currently 25.00%.

Analyst Ratings Changes

LYTS has been the topic of several research reports. Wall Street Zen lowered shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings restated a “hold (c)” rating on shares of LSI Industries in a report on Monday, December 29th. Finally, Zacks Research upgraded LSI Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.67.

About LSI Industries

LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.

In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.