Short Interest in LSI Industries Inc. (NASDAQ:LYTS) Drops By 26.4%

LSI Industries Inc. (NASDAQ:LYTS) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 375,300 shares, a decrease of 26.4% from the January 15th total of 509,900 shares. Based on an average daily volume of 150,100 shares, the short-interest ratio is currently 2.5 days. Currently, 1.4% of the shares of the stock are short sold.

LSI Industries Trading Up 3.5 %

Shares of NASDAQ:LYTS traded up $0.71 during trading on Friday, reaching $20.78. 153,543 shares of the company were exchanged, compared to its average volume of 186,210. The firm has a market capitalization of $620.08 million, a PE ratio of 26.99 and a beta of 0.94. The business’s fifty day simple moving average is $20.06 and its 200-day simple moving average is $17.99. LSI Industries has a 12-month low of $13.63 and a 12-month high of $25.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 1.19.

LSI Industries (NASDAQ:LYTS) last issued its 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 11.42% and a net margin of 4.47%. On average, research analysts anticipate that LSI Industries will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Monday, February 3rd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is presently 25.97%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On LSI Industries

A number of institutional investors have recently modified their holdings of the stock. Quarry LP bought a new position in shares of LSI Industries during the third quarter valued at approximately $39,000. Russell Investments Group Ltd. boosted its stake in shares of LSI Industries by 894.8% during the fourth quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company’s stock valued at $41,000 after purchasing an additional 1,888 shares in the last quarter. Aquatic Capital Management LLC bought a new position in shares of LSI Industries during the fourth quarter valued at approximately $46,000. Fortitude Family Office LLC boosted its stake in shares of LSI Industries by 1,559.9% during the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock valued at $62,000 after purchasing an additional 2,995 shares in the last quarter. Finally, Quantbot Technologies LP boosted its stake in shares of LSI Industries by 777.3% during the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company’s stock valued at $71,000 after purchasing an additional 3,218 shares in the last quarter. 73.91% of the stock is owned by hedge funds and other institutional investors.

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.