LSI Industries Inc. (NASDAQ:LYTS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 804,562 shares of the construction company’s stock after selling 23,700 shares during the period. Renaissance Technologies LLC’s holdings in LSI Industries were worth $15,625,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Russell Investments Group Ltd. lifted its position in shares of LSI Industries by 894.8% in the 4th quarter. Russell Investments Group Ltd. now owns 2,099 shares of the construction company’s stock valued at $41,000 after acquiring an additional 1,888 shares in the last quarter. Fortitude Family Office LLC raised its stake in LSI Industries by 1,559.9% during the 4th quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock valued at $62,000 after purchasing an additional 2,995 shares during the period. Quantbot Technologies LP lifted its holdings in shares of LSI Industries by 777.3% in the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company’s stock valued at $71,000 after purchasing an additional 3,218 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of LSI Industries in the fourth quarter worth $82,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of LSI Industries during the third quarter valued at $205,000. 73.91% of the stock is owned by institutional investors.

LSI Industries Stock Performance

Shares of LYTS stock opened at $16.19 on Tuesday. LSI Industries Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $25.50. The stock’s 50-day moving average is $17.99 and its two-hundred day moving average is $18.65. 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 firm has a market cap of $484.42 million, a P/E ratio of 21.03 and a beta of 0.70.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data 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%. Analysts predict that LSI Industries Inc. will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Monday, February 3rd. LSI Industries’s dividend payout ratio is presently 25.97%.

Analyst Upgrades and Downgrades

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