Aristides Capital LLC Purchases 2,100 Shares of LSI Industries Inc. (NASDAQ:LYTS)

Aristides Capital LLC boosted its position in LSI Industries Inc. (NASDAQ:LYTS) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,100 shares of the construction company’s stock after buying an additional 2,100 shares during the quarter. Aristides Capital LLC owned approximately 0.07% of LSI Industries worth $429,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of LYTS. Russell Investments Group Ltd. raised its holdings in shares of LSI Industries by 894.8% in 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 during the last quarter. Wells Fargo & Company MN grew its position in LSI Industries by 44.8% in the fourth quarter. Wells Fargo & Company MN now owns 14,623 shares of the construction company’s stock valued at $284,000 after purchasing an additional 4,525 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in LSI Industries in the 4th quarter valued at $901,000. Alliancebernstein L.P. lifted its position in LSI Industries by 168.6% during the 4th quarter. Alliancebernstein L.P. now owns 27,160 shares of the construction company’s stock worth $527,000 after buying an additional 17,050 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of LSI Industries by 3.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 62,756 shares of the construction company’s stock worth $1,219,000 after buying an additional 2,096 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LYTS shares. HC Wainwright lifted their target price on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com upgraded LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Canaccord Genuity Group raised their target price on shares of LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 24th.

LSI Industries Trading Down 4.9 %

Shares of NASDAQ:LYTS opened at $15.39 on Friday. LSI Industries Inc. has a 52-week low of $13.63 and a 52-week high of $25.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.20 and a current ratio of 2.08. The company has a market capitalization of $460.48 million, a P/E ratio of 19.99 and a beta of 0.70. The company has a 50-day simple moving average of $18.84 and a 200 day simple moving average of $18.65.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. Sell-side analysts forecast that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were issued a $0.05 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.30%. LSI Industries’s dividend payout ratio 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.