Perritt Capital Management Inc. Has $1.56 Million Holdings in LSI Industries, Inc. (NASDAQ:LYTS)

Perritt Capital Management Inc. lessened its holdings in shares of LSI Industries, Inc. (NASDAQ:LYTS) by 11.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 426,300 shares of the construction company’s stock after selling 56,569 shares during the period. Perritt Capital Management Inc. owned 1.64% of LSI Industries worth $1,556,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the stock. Mid Atlantic Financial Management Inc. ADV acquired a new position in LSI Industries during the 1st quarter worth about $28,000. Parametric Portfolio Associates LLC bought a new position in shares of LSI Industries during the second quarter worth about $45,000. Wells Fargo & Company MN lifted its stake in shares of LSI Industries by 12.9% in the second quarter. Wells Fargo & Company MN now owns 31,460 shares of the construction company’s stock worth $116,000 after acquiring an additional 3,583 shares during the period. Creative Planning lifted its stake in shares of LSI Industries by 22.4% in the first quarter. Creative Planning now owns 73,907 shares of the construction company’s stock worth $194,000 after acquiring an additional 13,537 shares during the period. Finally, Alambic Investment Management L.P. lifted its stake in shares of LSI Industries by 68.7% in the first quarter. Alambic Investment Management L.P. now owns 114,008 shares of the construction company’s stock worth $300,000 after acquiring an additional 46,426 shares during the period. 61.46% of the stock is currently owned by institutional investors.

LYTS stock traded down $0.02 during midday trading on Wednesday, hitting $4.59. The stock had a trading volume of 4,220 shares, compared to its average volume of 71,299. The firm has a market cap of $118.52 million, a P/E ratio of 114.88, a price-to-earnings-growth ratio of 0.73 and a beta of 1.39. The company has a current ratio of 2.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.33. LSI Industries, Inc. has a 1-year low of $2.48 and a 1-year high of $5.20. The business has a fifty day moving average price of $4.15 and a two-hundred day moving average price of $3.58.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, September 3rd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, August 30th. LSI Industries’s dividend payout ratio is 500.00%.

A number of research firms have weighed in on LYTS. Zacks Investment Research downgraded shares of LSI Industries from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 25th. ValuEngine raised shares of LSI Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

LSI Industries Company Profile

LSI Industries Inc provides corporate visual image solutions in the United States, Canada, Australia, and Latin America. It operates in three segments: Lighting, Graphics, and Technology. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets.

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Institutional Ownership by Quarter for LSI Industries (NASDAQ:LYTS)

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