Aristides Capital LLC Has $429,000 Position in LSI Industries Inc. (NASDAQ:LYTS)

Aristides Capital LLC raised its position in LSI Industries Inc. (NASDAQ:LYTS) by 10.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 22,100 shares of the construction company’s stock after purchasing an additional 2,100 shares during the period. Aristides Capital LLC’s holdings in LSI Industries were worth $429,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of LSI Industries by 117.1% in the third quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock valued at $1,127,000 after acquiring an additional 37,660 shares in the last quarter. Bleakley Financial Group LLC grew its position 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 worth $672,000 after purchasing an additional 24,096 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of LSI Industries during the fourth quarter worth approximately $317,000. SG Americas Securities LLC raised its position in shares of LSI Industries by 24.1% in the fourth 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of LSI Industries by 4.2% in the fourth 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. Institutional investors own 73.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on LYTS. HC Wainwright raised their price objective on LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Finally, Canaccord Genuity Group upped 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.

LSI Industries Stock Performance

Shares of NASDAQ:LYTS opened at $15.39 on Friday. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50. The stock has a market capitalization of $460.48 million, a price-to-earnings ratio of 19.99 and a beta of 0.70. 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 company’s 50 day simple moving average is $18.84 and its 200 day simple moving average is $18.65.

LSI Industries (NASDAQ:LYTS) last posted its quarterly 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 11.25% and a net margin of 4.47%. As a group, research analysts predict that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders 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 dividend yield of 1.30%. LSI Industries’s payout ratio is currently 25.97%.

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.