LSI Industries Inc. (NASDAQ:LYTS) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lowered its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 29.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,045 shares of the construction company’s stock after selling 1,701 shares during the quarter. Tower Research Capital LLC TRC’s holdings in LSI Industries were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. lifted its holdings in LSI Industries by 10.0% during the 4th quarter. Franklin Resources Inc. now owns 179,763 shares of the construction company’s stock worth $2,531,000 after buying an additional 16,300 shares during the last quarter. Trexquant Investment LP lifted its position in shares of LSI Industries by 141.7% during the 4th quarter. Trexquant Investment LP now owns 73,183 shares of the construction company’s stock valued at $1,030,000 after acquiring an additional 42,910 shares during the last quarter. Navellier & Associates Inc. boosted its position in shares of LSI Industries by 58.6% in the 4th quarter. Navellier & Associates Inc. now owns 60,493 shares of the construction company’s stock valued at $852,000 after purchasing an additional 22,363 shares during the period. First Eagle Investment Management LLC boosted its position in shares of LSI Industries by 26.6% in the fourth quarter. First Eagle Investment Management LLC now owns 283,142 shares of the construction company’s stock worth $3,987,000 after buying an additional 59,542 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in shares of LSI Industries by 12.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 40,265 shares of the construction company’s stock valued at $567,000 after buying an additional 4,531 shares during the period. Institutional investors own 73.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Canaccord Genuity Group raised their price objective on LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday. HC Wainwright reissued a “buy” rating and set a $20.00 price objective on shares of LSI Industries in a report on Monday, April 22nd. Finally, StockNews.com upgraded LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd.

LSI Industries Stock Up 1.6 %

LYTS stock traded up $0.24 during mid-day trading on Monday, hitting $15.01. 95,912 shares of the company were exchanged, compared to its average volume of 104,983. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.24 and a current ratio of 2.16. LSI Industries Inc. has a 1-year low of $11.44 and a 1-year high of $16.97. The firm’s 50 day simple moving average is $14.60 and its 200 day simple moving average is $14.10. The firm has a market cap of $436.34 million, a P/E ratio of 16.14 and a beta of 0.85.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, January 25th. The construction company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.07 by $0.13. The business had revenue of $109.01 million for the quarter, compared to analysts’ expectations of $107.70 million. LSI Industries had a net margin of 5.97% and a return on equity of 14.93%. On average, sell-side analysts predict that LSI Industries Inc. will post 0.89 EPS for the current fiscal year.

LSI Industries Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.33%. LSI Industries’s dividend payout ratio is currently 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.