Martingale Asset Management L P Boosts Stake in LSI Industries Inc. (NASDAQ:LYTS)

Martingale Asset Management L P increased its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 1.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 82,256 shares of the construction company’s stock after purchasing an additional 1,102 shares during the period. Martingale Asset Management L P’s holdings in LSI Industries were worth $1,328,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Quest Partners LLC purchased a new position in shares of LSI Industries during the 2nd quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of LSI Industries by 87.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,740 shares of the construction company’s stock worth $126,000 after purchasing an additional 4,065 shares during the period. SG Americas Securities LLC purchased a new position in shares of LSI Industries during the 3rd quarter worth approximately $183,000. Squarepoint Ops LLC purchased a new position in shares of LSI Industries during the 2nd quarter worth approximately $191,000. Finally, Principal Financial Group Inc. boosted its position in LSI Industries by 10.4% in the 2nd quarter. Principal Financial Group Inc. now owns 14,793 shares of the construction company’s stock valued at $214,000 after buying an additional 1,398 shares during the period. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Stock Performance

Shares of LYTS stock opened at $20.44 on Monday. 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 Inc. has a 52 week low of $12.82 and a 52 week high of $21.17. The stock has a market capitalization of $609.93 million, a PE ratio of 25.87 and a beta of 0.87. The firm has a 50 day moving average of $17.73 and a two-hundred day moving average of $16.11.

LSI Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $0.20 annualized dividend and a yield of 0.98%. LSI Industries’s dividend payout ratio is presently 25.32%.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reissued a “buy” rating and issued a $20.00 price target on shares of LSI Industries in a research report on Friday, August 16th.

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.