Hillsdale Investment Management Inc. Acquires 3,000 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Hillsdale Investment Management Inc. boosted its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 0.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 333,753 shares of the construction company’s stock after buying an additional 3,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in LSI Industries were worth $6,481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of LSI Industries by 117.1% during the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock valued at $1,127,000 after buying an additional 37,660 shares during the period. Bleakley Financial Group LLC lifted its holdings in shares of LSI Industries by 228.8% during the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock valued at $672,000 after buying an additional 24,096 shares during the period. Proficio Capital Partners LLC bought a new position in shares of LSI Industries during the 4th quarter valued at $317,000. SG Americas Securities LLC lifted its holdings in shares of LSI Industries by 24.1% during the 4th quarter. SG Americas Securities LLC now owns 14,086 shares of the construction company’s stock valued at $274,000 after buying an additional 2,731 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of LSI Industries by 4.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 46,836 shares of the construction company’s stock valued at $910,000 after buying an additional 1,876 shares during the period. 73.91% of the stock is owned by institutional investors.

LSI Industries Trading Down 1.3 %

NASDAQ:LYTS opened at $17.33 on Friday. 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 firm has a market capitalization of $518.53 million, a price-to-earnings ratio of 22.51 and a beta of 1.00. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50. The business has a fifty day moving average price of $19.42 and a 200-day moving average price of $18.51.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate 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 forecast that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. HC Wainwright increased their price target on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a report on Friday, January 24th. Canaccord Genuity Group upped their price objective on LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, January 24th.

About LSI Industries

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.