Jane Street Group LLC Cuts Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Jane Street Group LLC reduced its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 27.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,558 shares of the construction company’s stock after selling 9,808 shares during the period. Jane Street Group LLC’s holdings in LSI Industries were worth $429,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quest Partners LLC purchased a new position in shares of LSI Industries during the second quarter valued at approximately $28,000. Quarry LP purchased a new stake in LSI Industries during the third quarter worth $39,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of LSI Industries by 87.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,740 shares of the construction company’s stock valued at $126,000 after buying an additional 4,065 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of LSI Industries in the 3rd quarter worth $183,000. Finally, Squarepoint Ops LLC purchased a new position in shares of LSI Industries in the 2nd quarter valued at approximately $191,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Down 2.4 %

Shares of LYTS stock opened at $19.13 on Wednesday. The firm has a market capitalization of $570.80 million, a PE ratio of 24.22 and a beta of 0.93. LSI Industries Inc. has a fifty-two week low of $13.32 and a fifty-two week high of $21.19. The stock’s 50-day simple moving average is $19.59 and its 200-day simple moving average is $16.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.19 and a current ratio of 2.08.

LSI Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend was Monday, November 18th. LSI Industries’s payout ratio is 25.32%.

About LSI Industries

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.