LSI Industries Inc. (NASDAQ:LYTS) Sees Large Decrease in Short Interest

LSI Industries Inc. (NASDAQ:LYTS) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 266,700 shares, a decrease of 34.0% from the February 28th total of 403,900 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 155,600 shares, the short-interest ratio is presently 1.7 days.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LYTS shares. StockNews.com cut shares of LSI Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. HC Wainwright upped their target price on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Canaccord Genuity Group raised their price target on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

Institutional Trading of LSI Industries

Several hedge funds and other institutional investors have recently bought and sold shares of LYTS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of LSI Industries by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,052 shares of the construction company’s stock worth $312,000 after buying an additional 684 shares during the period. Martingale Asset Management L P increased its position in shares of LSI Industries by 1.4% in the third quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company’s stock valued at $1,328,000 after acquiring an additional 1,102 shares during the period. Swiss National Bank raised its stake in shares of LSI Industries by 2.5% during the fourth quarter. Swiss National Bank now owns 52,700 shares of the construction company’s stock valued at $1,023,000 after acquiring an additional 1,300 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of LSI Industries by 8.9% during the fourth quarter. MetLife Investment Management LLC now owns 16,659 shares of the construction company’s stock worth $324,000 after purchasing an additional 1,362 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of LSI Industries by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 81,895 shares of the construction company’s stock worth $1,590,000 after purchasing an additional 1,652 shares during the last quarter. Institutional investors own 73.91% of the company’s stock.

LSI Industries Price Performance

Shares of LYTS stock traded down $0.39 during trading hours on Friday, hitting $17.19. 114,167 shares of the company’s stock were exchanged, compared to its average volume of 121,892. LSI Industries has a 12-month low of $13.63 and a 12-month high of $25.50. The company has a market capitalization of $514.34 million, a PE ratio of 22.32 and a beta of 1.00. The business’s 50 day simple moving average is $19.29 and its 200-day simple moving average is $18.58. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.47% and a return on equity of 11.25%. On average, equities research analysts anticipate that LSI Industries will post 0.7 earnings per share for the current year.

LSI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.16%. LSI Industries’s payout ratio is 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.