LSI Industries Inc. (NASDAQ:LYTS) Short Interest Down 34.0% in March

LSI Industries Inc. (NASDAQ:LYTS) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 266,700 shares, a decrease of 34.0% from the February 28th total of 403,900 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily volume of 155,600 shares, the days-to-cover ratio is presently 1.7 days.

LSI Industries Trading Down 1.1 %

Shares of LYTS stock traded down $0.19 on Monday, hitting $17.00. The stock had a trading volume of 369,859 shares, compared to its average volume of 122,880. The firm has a market cap of $508.66 million, a P/E ratio of 22.08 and a beta of 1.00. LSI Industries has a twelve month low of $13.63 and a twelve month high of $25.50. The company has a current ratio of 2.08, a quick ratio of 1.20 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average price of $19.29 and a two-hundred day moving average price of $18.62.

LSI Industries (NASDAQ:LYTS) last issued 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 net margin of 4.47% and a return on equity of 11.25%. As a group, analysts forecast that LSI Industries will post 0.7 earnings per share for the current fiscal year.

LSI Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.18%. LSI Industries’s dividend payout ratio (DPR) is 25.97%.

Wall Street Analyst Weigh In

LYTS has been the subject of several research reports. StockNews.com cut LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. HC Wainwright lifted 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. Finally, Canaccord Genuity Group raised 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.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. FMR LLC boosted its holdings in LSI Industries by 24.0% during the third quarter. FMR LLC now owns 86,748 shares of the construction company’s stock worth $1,401,000 after purchasing an additional 16,780 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in LSI Industries by 8.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 33,526 shares of the construction company’s stock worth $541,000 after acquiring an additional 2,702 shares in the last quarter. Martingale Asset Management L P increased its position in shares of LSI Industries by 1.4% during the 3rd quarter. Martingale Asset Management L P now owns 82,256 shares of the construction company’s stock worth $1,328,000 after purchasing an additional 1,102 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of LSI Industries in the 3rd quarter valued at approximately $220,000. Finally, Quarry LP bought a new position in shares of LSI Industries in the third quarter valued at $39,000. 73.91% of the stock is currently owned by institutional investors.

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.