Annex Advisory Services LLC Buys 30,464 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Annex Advisory Services LLC raised its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 28.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,747 shares of the construction company’s stock after buying an additional 30,464 shares during the quarter. Annex Advisory Services LLC owned about 0.46% of LSI Industries worth $2,656,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LYTS. Fortitude Family Office LLC raised its position in shares of LSI Industries by 1,559.9% in the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock worth $62,000 after purchasing an additional 2,995 shares during the last quarter. Barclays PLC increased its stake in LSI Industries by 117.1% during the 3rd quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock valued at $1,127,000 after purchasing an additional 37,660 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in LSI Industries in the third quarter worth about $205,000. State Street Corp lifted 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 buying an additional 6,098 shares in the last quarter. Finally, Systematic Financial Management LP grew its holdings in shares of LSI Industries by 7.1% during the third quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock valued at $39,392,000 after buying an additional 162,160 shares during the last quarter. 73.91% of the stock is owned by institutional investors.

LSI Industries Price Performance

Shares of NASDAQ LYTS opened at $19.23 on Monday. The firm has a market cap of $573.78 million, a P/E ratio of 24.34 and a beta of 0.93. LSI Industries Inc. has a twelve month low of $13.32 and a twelve month high of $21.19. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $19.81 and a 200 day moving average of $17.20.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Monday, November 18th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date was Monday, November 18th. LSI Industries’s payout ratio is currently 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.