Townsquare Capital LLC Invests $523,000 in LSI Industries Inc. (NASDAQ:LYTS)

Townsquare Capital LLC purchased a new stake in LSI Industries Inc. (NASDAQ:LYTS) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 26,907 shares of the construction company’s stock, valued at approximately $523,000.

Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake 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 worth $41,000 after acquiring an additional 1,888 shares during the last quarter. Fortitude Family Office LLC boosted 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 worth $62,000 after purchasing an additional 2,995 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of LSI Industries by 777.3% during the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company’s stock worth $71,000 after buying an additional 3,218 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of LSI Industries in the fourth quarter worth about $82,000. Finally, Catalina Capital Group LLC acquired a new position in LSI Industries during the fourth quarter worth about $253,000. 73.91% of the stock is currently owned by institutional investors and hedge funds.

LSI Industries Price Performance

LSI Industries stock opened at $15.80 on Friday. 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 $472.75 million, a price-to-earnings ratio of 20.52 and a beta of 0.70. The company’s 50 day simple moving average is $17.58 and its 200-day simple moving average is $18.62. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50.

LSI Industries (NASDAQ:LYTS) last released 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, equities research analysts expect that LSI Industries Inc. will post 0.7 earnings per share for the current year.

LSI Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Monday, February 3rd. LSI Industries’s dividend payout ratio (DPR) is 25.97%.

Wall Street Analyst Weigh In

LYTS has been the subject of several recent research reports. Canaccord Genuity Group increased their price target on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com lowered LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 14th. Finally, 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.

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.