Congress Wealth Management LLC DE Cuts Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Congress Wealth Management LLC DE trimmed its position in LSI Industries Inc. (NASDAQ:LYTS) by 62.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,835 shares of the construction company’s stock after selling 42,510 shares during the quarter. Congress Wealth Management LLC DE owned about 0.09% of LSI Industries worth $502,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new position in LSI Industries during the 4th quarter valued at approximately $82,000. Knights of Columbus Asset Advisors LLC bought a new position in shares of LSI Industries during the 4th quarter valued at approximately $878,000. Hillsdale Investment Management Inc. grew its holdings in shares of LSI Industries by 0.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 333,753 shares of the construction company’s stock valued at $6,481,000 after purchasing an additional 3,000 shares in the last quarter. Quantbot Technologies LP increased its position in LSI Industries by 777.3% in the fourth quarter. Quantbot Technologies LP now owns 3,632 shares of the construction company’s stock worth $71,000 after purchasing an additional 3,218 shares during the last quarter. Finally, Summit Global Investments bought a new stake in LSI Industries in the fourth quarter worth $323,000. 73.91% of the stock is currently owned by hedge funds and other institutional investors.

LSI Industries Stock Down 2.2 %

Shares of LYTS opened at $17.19 on Friday. The company has a quick ratio of 1.20, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $19.29 and a 200 day moving average of $18.58. The company has a market cap of $514.34 million, a PE ratio of 22.32 and a beta of 1.00. LSI Industries Inc. has a 52-week low of $13.63 and a 52-week high of $25.50.

LSI Industries (NASDAQ:LYTS) last released its earnings results 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%. On average, sell-side analysts expect that LSI Industries Inc. will post 0.7 EPS for the current year.

LSI Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 11th. Shareholders of record on Monday, February 3rd were given a dividend of $0.05 per share. The ex-dividend date was Monday, February 3rd. This represents a $0.20 annualized dividend and a dividend yield of 1.16%. LSI Industries’s dividend payout ratio (DPR) is presently 25.97%.

Analysts Set New Price Targets

LYTS has been the subject of a number of recent research reports. HC Wainwright lifted their price objective on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Canaccord Genuity Group increased 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. Finally, StockNews.com lowered LSI Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday.

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.