Legato Capital Management LLC Has $7.04 Million Position in LSI Industries Inc. (NASDAQ:LYTS)

Legato Capital Management LLC cut its holdings in LSI Industries Inc. (NASDAQ:LYTS) by 6.4% during the 4th quarter, Holdings Channel reports. The fund owned 362,743 shares of the construction company’s stock after selling 24,678 shares during the period. LSI Industries comprises 0.9% of Legato Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Legato Capital Management LLC’s holdings in LSI Industries were worth $7,044,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Phocas Financial Corp. bought a new stake in shares of LSI Industries during the 3rd quarter valued at $3,682,000. Systematic Financial Management LP lifted its position in LSI Industries by 7.1% during the third quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock valued at $39,392,000 after purchasing an additional 162,160 shares in the last quarter. Bartlett & CO. Wealth Management LLC bought a new stake in LSI Industries during the third quarter valued at about $611,000. Barclays PLC increased its position in 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 buying an additional 37,660 shares in the last quarter. Finally, Annex Advisory Services LLC increased its position in LSI Industries by 28.7% in the fourth quarter. Annex Advisory Services LLC now owns 136,747 shares of the construction company’s stock worth $2,656,000 after buying an additional 30,464 shares in the last quarter. 73.91% of the stock is currently owned by institutional investors.

LSI Industries Price Performance

NASDAQ:LYTS opened at $20.60 on Wednesday. The business’s 50-day simple moving average is $20.06 and its two-hundred day simple moving average is $17.91. LSI Industries Inc. has a 52 week low of $13.55 and a 52 week high of $25.50. The stock has a market cap of $614.70 million, a PE ratio of 26.75 and a beta of 0.94. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.21.

LSI Industries (NASDAQ:LYTS) last announced 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 net margin of 4.47% and a return on equity of 11.42%. As a group, analysts forecast that LSI Industries Inc. will post 0.7 EPS for the current fiscal year.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Investors of record on Monday, February 3rd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Monday, February 3rd. LSI Industries’s payout ratio is 25.97%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LYTS. Canaccord Genuity Group boosted their price objective on LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, January 24th. HC Wainwright upped their price target 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.

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.