Catalina Capital Group LLC Purchases New Position in LSI Industries Inc. (NASDAQ:LYTS)

Catalina Capital Group LLC acquired a new position in shares of LSI Industries Inc. (NASDAQ:LYTS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,027 shares of the construction company’s stock, valued at approximately $253,000.

A number of other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in LSI Industries by 117.1% in 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 in the last quarter. State Street Corp grew its stake in shares of LSI Industries by 1.1% in the third quarter. State Street Corp now owns 574,275 shares of the construction company’s stock valued at $9,275,000 after acquiring an additional 6,098 shares in the last quarter. Bartlett & CO. Wealth Management LLC bought a new position in LSI Industries during the third quarter worth about $611,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in LSI Industries by 0.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 145,171 shares of the construction company’s stock worth $2,345,000 after purchasing an additional 494 shares in the last quarter. Finally, Systematic Financial Management LP boosted its holdings in LSI Industries by 7.1% in the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock valued at $39,392,000 after purchasing an additional 162,160 shares during the period. Institutional investors own 73.91% of the company’s stock.

Wall Street Analyst Weigh In

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

LSI Industries Trading Down 0.4 %

Shares of LSI Industries stock opened at $20.99 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. LSI Industries Inc. has a 12-month low of $13.35 and a 12-month high of $25.50. The company has a market capitalization of $626.34 million, a price-to-earnings ratio of 27.26 and a beta of 0.94. The firm’s 50-day moving average price is $19.98 and its two-hundred day moving average price is $17.69.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a return on equity of 11.42% and a net margin of 4.47%. On average, analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, February 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.95%. LSI Industries’s dividend payout ratio (DPR) is currently 25.97%.

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.