Bailard Inc. Makes New $260,000 Investment in LSI Industries Inc. (NASDAQ:LYTS)

Bailard Inc. purchased a new position in LSI Industries Inc. (NASDAQ:LYTS) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 13,400 shares of the construction company’s stock, valued at approximately $260,000.

Other large investors also recently made changes to their positions in the company. Quarry LP acquired a new stake in LSI Industries in the 3rd quarter worth approximately $39,000. Fortitude Family Office LLC lifted its stake in shares of LSI Industries by 1,559.9% in the fourth quarter. Fortitude Family Office LLC now owns 3,187 shares of the construction company’s stock worth $62,000 after buying an additional 2,995 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of LSI Industries during the 3rd quarter worth $205,000. Centiva Capital LP acquired a new position in LSI Industries in the 3rd quarter valued at $220,000. Finally, Catalina Capital Group LLC bought a new position in LSI Industries in the 4th quarter worth $253,000. Institutional investors own 73.91% of the company’s stock.

Analysts Set New Price Targets

LYTS has been the subject of a number of recent analyst reports. Canaccord Genuity Group upped their price target on shares of LSI Industries from $22.00 to $26.00 and gave the company a “buy” rating in a report on Friday, January 24th. HC Wainwright increased their target price on LSI Industries from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, January 24th.

LSI Industries Trading Up 0.3 %

Shares of LYTS stock opened at $17.33 on Thursday. The firm has a market capitalization of $518.53 million, a P/E ratio of 22.51 and a beta of 0.94. LSI Industries Inc. has a 1 year low of $13.63 and a 1 year high of $25.50. The firm’s fifty day simple moving average is $19.92 and its 200 day simple moving average is $18.36. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings data on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts predict that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were issued a $0.05 dividend. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a yield of 1.15%. LSI Industries’s dividend payout ratio (DPR) is 25.97%.

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.