Connor Clark & Lunn Investment Management Ltd. Has $3 Million Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

Connor Clark & Lunn Investment Management Ltd. grew its stake in LSI Industries Inc. (NASDAQ:LYTS) by 6.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 154,689 shares of the construction company’s stock after buying an additional 9,518 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in LSI Industries were worth $3,004,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LYTS. Barclays PLC boosted its stake in LSI Industries by 117.1% in the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock worth $1,127,000 after purchasing an additional 37,660 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of LSI Industries by 228.8% in the fourth quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock valued at $672,000 after purchasing an additional 24,096 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of LSI Industries by 24.1% during the fourth quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock worth $274,000 after buying an additional 2,731 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of LSI Industries by 4.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock worth $910,000 after buying an additional 1,876 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in LSI Industries in the 4th quarter valued at approximately $317,000. Institutional investors own 73.91% of the company’s stock.

Analyst Upgrades and Downgrades

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

LSI Industries Stock Up 0.8 %

LYTS stock opened at $17.46 on Tuesday. The company has a market cap of $522.42 million, a price-to-earnings ratio of 22.68 and a beta of 1.00. LSI Industries Inc. has a twelve month low of $13.63 and a twelve month high of $25.50. The business has a 50 day moving average price of $19.53 and a two-hundred day moving average price of $18.50. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. Analysts anticipate 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 was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.15%. LSI Industries’s dividend payout ratio (DPR) is currently 25.97%.

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.