Geode Capital Management LLC Trims Stock Position in LSI Industries Inc. (NASDAQ:LYTS)

Geode Capital Management LLC lessened its stake in LSI Industries Inc. (NASDAQ:LYTS) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 637,679 shares of the construction company’s stock after selling 12,491 shares during the quarter. Geode Capital Management LLC’s holdings in LSI Industries were worth $10,301,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Phocas Financial Corp. purchased a new position in LSI Industries in the third quarter valued at $3,682,000. Systematic Financial Management LP raised its holdings in LSI Industries by 7.1% in the 3rd quarter. Systematic Financial Management LP now owns 2,439,120 shares of the construction company’s stock worth $39,392,000 after purchasing an additional 162,160 shares during the period. Johnson Investment Counsel Inc. purchased a new position in LSI Industries during the second quarter worth approximately $1,691,000. American Century Companies Inc. boosted its position in LSI Industries by 38.2% during the second quarter. American Century Companies Inc. now owns 342,355 shares of the construction company’s stock worth $4,954,000 after purchasing an additional 94,564 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in LSI Industries by 12.8% in the second quarter. First Eagle Investment Management LLC now owns 446,722 shares of the construction company’s stock valued at $6,464,000 after purchasing an additional 50,624 shares during the period. Hedge funds and other institutional investors own 73.91% of the company’s stock.

LSI Industries Trading Up 0.1 %

Shares of LYTS stock opened at $19.42 on Thursday. The stock has a 50 day simple moving average of $19.35 and a 200-day simple moving average of $16.80. LSI Industries Inc. has a 1-year low of $13.32 and a 1-year high of $21.19. The company has a market cap of $579.45 million, a price-to-earnings ratio of 24.58 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 1.19.

LSI Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Monday, November 18th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Monday, November 18th. LSI Industries’s payout ratio is 25.32%.

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.