Connor Clark & Lunn Investment Management Ltd. Raises Holdings in LSI Industries Inc. (NASDAQ:LYTS)

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of LSI Industries Inc. (NASDAQ:LYTS) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,171 shares of the construction company’s stock after acquiring an additional 494 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in LSI Industries were worth $2,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Quest Partners LLC bought a new position in shares of LSI Industries in the second quarter worth approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in LSI Industries by 87.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,740 shares of the construction company’s stock worth $126,000 after acquiring an additional 4,065 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of LSI Industries in the third quarter valued at about $183,000. Squarepoint Ops LLC bought a new position in shares of LSI Industries during the second quarter valued at about $191,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of LSI Industries by 10.4% during the second quarter. Principal Financial Group Inc. now owns 14,793 shares of the construction company’s stock worth $214,000 after purchasing an additional 1,398 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.

LSI Industries Stock Up 0.7 %

Shares of LSI Industries stock opened at $20.75 on Tuesday. The company has a current ratio of 2.08, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. LSI Industries Inc. has a 12-month low of $12.82 and a 12-month high of $21.17. The company has a market cap of $619.14 million, a P/E ratio of 26.27 and a beta of 0.87. The company’s fifty day simple moving average is $17.26 and its two-hundred day simple moving average is $15.95.

LSI Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Monday, November 18th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, November 18th. LSI Industries’s payout ratio is currently 25.32%.

Wall Street Analysts Forecast Growth

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

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.