Tower Research Capital LLC TRC raised its holdings in shares of LSI Industries, Inc. (NASDAQ:LYTS) by 872.1% during the 4th quarter, Holdings Channel reports. The firm owned 19,014 shares of the construction company’s stock after acquiring an additional 17,058 shares during the quarter. Tower Research Capital LLC TRC’s holdings in LSI Industries were worth $131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. purchased a new stake in LSI Industries during the 2nd quarter valued at $152,000. Citadel Advisors LLC purchased a new stake in LSI Industries during the 3rd quarter valued at $112,000. SG Americas Securities LLC purchased a new stake in LSI Industries during the 4th quarter valued at $139,000. Dynamic Technology Lab Private Ltd purchased a new stake in LSI Industries during the 3rd quarter valued at $151,000. Finally, The Manufacturers Life Insurance Company boosted its stake in LSI Industries by 11.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,374 shares of the construction company’s stock valued at $220,000 after purchasing an additional 2,591 shares during the last quarter. Institutional investors and hedge funds own 72.37% of the company’s stock.

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Several analysts have commented on LYTS shares. Zacks Investment Research downgraded LSI Industries from a “buy” rating to a “sell” rating in a research note on Thursday, December 28th. Singular Research started coverage on LSI Industries in a research note on Friday, February 2nd. They set a “buy” rating and a $9.80 target price on the stock. Roth Capital set a $7.00 target price on LSI Industries and gave the company a “hold” rating in a research note on Thursday, December 14th. Finally, Canaccord Genuity increased their target price on LSI Industries from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.26.

In other news, VP James E. Galeese purchased 7,641 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were purchased at an average cost of $6.54 per share, for a total transaction of $49,972.14. Following the purchase, the vice president now directly owns 2,379 shares in the company, valued at approximately $15,558.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Howard E. Japlon purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was purchased at an average price of $6.88 per share, for a total transaction of $34,400.00. Following the completion of the purchase, the vice president now owns 23,500 shares in the company, valued at $161,680. The disclosure for this purchase can be found here. Company insiders own 6.37% of the company’s stock.

LSI Industries, Inc. (NASDAQ:LYTS) opened at $7.79 on Friday. The stock has a market capitalization of $199.22, a price-to-earnings ratio of 35.41, a PEG ratio of 1.25 and a beta of 1.72. LSI Industries, Inc. has a 52 week low of $4.99 and a 52 week high of $10.24. The company has a quick ratio of 1.57, a current ratio of 2.71 and a debt-to-equity ratio of 0.37.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. The firm had revenue of $92.30 million for the quarter, compared to the consensus estimate of $88.85 million. LSI Industries had a positive return on equity of 3.88% and a negative net margin of 4.96%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. research analysts predict that LSI Industries, Inc. will post 0.25 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Monday, February 5th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.57%. LSI Industries’s dividend payout ratio (DPR) is currently -30.30%.

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About LSI Industries

LSI Industries Inc is a provider of corporate visual image solutions to the petroleum/convenience store industry. The Company designs and develops aspects of the solid-state light emitting diode (LED) lighting, from the electronic circuit board, to the software to drive and control the LEDs, to the structure of the LED product.

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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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