HBK Sorce Advisory LLC Purchases 4,716 Shares of LSI Industries Inc. (NASDAQ:LYTS)

HBK Sorce Advisory LLC boosted its position in LSI Industries Inc. (NASDAQ:LYTS) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,657 shares of the construction company’s stock after acquiring an additional 4,716 shares during the period. HBK Sorce Advisory LLC owned 0.09% of LSI Industries worth $537,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Swiss National Bank boosted its holdings in LSI Industries by 2.5% in the fourth quarter. Swiss National Bank now owns 52,700 shares of the construction company’s stock valued at $1,023,000 after acquiring an additional 1,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in LSI Industries by 6.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 154,689 shares of the construction company’s stock valued at $3,004,000 after buying an additional 9,518 shares during the period. AlphaQuest LLC acquired a new position in LSI Industries in the fourth quarter valued at about $275,000. Raymond James Financial Inc. acquired a new position in LSI Industries in the fourth quarter valued at about $362,000. Finally, Proficio Capital Partners LLC acquired a new position in LSI Industries in the fourth quarter valued at about $317,000. Institutional investors own 73.91% of the company’s stock.

LSI Industries Trading Up 1.6 %

NASDAQ LYTS opened at $17.32 on Friday. The firm has a market cap of $518.23 million, a P/E ratio of 22.49 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. The stock’s 50-day moving average is $19.62 and its 200-day moving average is $18.44. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a return on equity of 11.25% and a net margin of 4.47%. Sell-side analysts anticipate that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.15%. LSI Industries’s payout ratio is presently 25.97%.

Wall Street Analyst Weigh In

LYTS has been the topic of several analyst reports. Canaccord Genuity Group increased their target price on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 24th. HC Wainwright increased their target price on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 24th.

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.