TrueMark Investments LLC Cuts Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

TrueMark Investments LLC lessened its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 37.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 11,719 shares of the construction company’s stock after selling 7,115 shares during the period. TrueMark Investments LLC’s holdings in LSI Industries were worth $228,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Systematic Financial Management LP raised its holdings in LSI Industries by 7.1% in the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock worth $39,392,000 after acquiring an additional 162,160 shares during the last quarter. Knights of Columbus Asset Advisors LLC purchased a new position in shares of LSI Industries in the fourth quarter worth $878,000. Barclays PLC raised its stake in shares of LSI Industries by 117.1% in the third quarter. Barclays PLC now owns 69,824 shares of the construction company’s stock worth $1,127,000 after purchasing an additional 37,660 shares during the last quarter. Annex Advisory Services LLC boosted its position in shares of LSI Industries by 28.7% during the fourth quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock valued at $2,656,000 after buying an additional 30,464 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its holdings in LSI Industries by 228.8% in the 4th quarter. Bleakley Financial Group LLC now owns 34,628 shares of the construction company’s stock worth $672,000 after buying an additional 24,096 shares in the last quarter. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

Shares of LYTS opened at $17.65 on Thursday. The firm has a market capitalization of $528.11 million, a P/E ratio of 22.92 and a beta of 1.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.20. LSI Industries Inc. has a one year low of $13.63 and a one year high of $25.50. The business has a fifty day moving average of $19.36 and a 200 day moving average of $18.57.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results 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%. As a group, sell-side analysts anticipate that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were given a $0.05 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.13%. LSI Industries’s payout ratio is presently 25.97%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LYTS. HC Wainwright upped their target price on shares of LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Canaccord Genuity Group increased their price objective on shares of LSI Industries from $22.00 to $26.00 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.