Annex Advisory Services LLC Raises Stake in LSI Industries Inc. (NASDAQ:LYTS)

Annex Advisory Services LLC grew its position in LSI Industries Inc. (NASDAQ:LYTS) by 28.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 136,747 shares of the construction company’s stock after acquiring an additional 30,464 shares during the period. Annex Advisory Services LLC’s holdings in LSI Industries were worth $2,656,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYTS. 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 worth $39,392,000 after buying an additional 162,160 shares during the period. State Street Corp boosted 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 worth $9,275,000 after acquiring an additional 6,098 shares during the period. American Century Companies Inc. boosted its stake in shares of LSI Industries by 38.2% in the second quarter. American Century Companies Inc. now owns 342,355 shares of the construction company’s stock worth $4,954,000 after acquiring an additional 94,564 shares during the period. Essex Investment Management Co. LLC grew its position in shares of LSI Industries by 0.4% during the third quarter. Essex Investment Management Co. LLC now owns 306,397 shares of the construction company’s stock worth $4,948,000 after purchasing an additional 1,111 shares in the last quarter. Finally, Phocas Financial Corp. bought a new stake in LSI Industries during the 3rd quarter valued at approximately $3,682,000. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Trading Down 0.3 %

LYTS stock opened at $19.23 on Monday. 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 Inc. has a 1-year low of $13.32 and a 1-year high of $21.19. The business has a 50 day simple moving average of $19.81 and a two-hundred day simple moving average of $17.20. The company has a market capitalization of $573.78 million, a price-to-earnings ratio of 24.34 and a beta of 0.93.

LSI Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Monday, November 18th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 1.04%. LSI Industries’s payout ratio is 25.32%.

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.