Here is What Hedge Funds Think About LSI Industries, Inc. (LYTS)

LSI Industries Inc. (LYTS)LSI Industries, Inc. (NASDAQ:LYTS) was in 5 hedge funds’ portfolio at the end of March. LYTS has seen an increase in activity from the world’s largest hedge funds of late. There were 4 hedge funds in our database with LYTS holdings at the end of the previous quarter.

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Now, it’s important to take a look at the recent action surrounding LSI Industries, Inc. (NASDAQ:LYTS).

What does the smart money think about LSI Industries, Inc. (NASDAQ:LYTS)?

Heading into Q2, a total of 5 of the hedge funds we track were long in this stock, a change of 25% from the first quarter. With hedge funds’ capital changing hands, there exists an “upper tier” of notable hedge fund managers who were upping their holdings meaningfully.

According to our comprehensive database, Chuck Royce’s Royce & Associates had the largest position in LSI Industries, Inc. (NASDAQ:LYTS), worth close to $18.8 million, comprising 0.1% of its total 13F portfolio. Coming in second is Iridian Asset Management, managed by David Cohen and Harold Levy, which held a $0.3 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining hedgies with similar optimism include Jim Simons’s Renaissance Technologies, Ken Gray and Steve Walsh’s Bryn Mawr Capital and John Overdeck and David Siegel’s Two Sigma Advisors.

With a general bullishness amongst the heavyweights, some big names have been driving this bullishness. Bryn Mawr Capital, managed by Ken Gray and Steve Walsh, assembled the most outsized position in LSI Industries, Inc. (NASDAQ:LYTS). Bryn Mawr Capital had 0.2 million invested in the company at the end of the quarter.

What have insiders been doing with LSI Industries, Inc. (NASDAQ:LYTS)?

Insider trading activity, especially when it’s bullish, is most useful when the company in focus has experienced transactions within the past six months. Over the last half-year time frame, LSI Industries, Inc. (NASDAQ:LYTS) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s also review hedge fund and insider activity in other stocks similar to LSI Industries, Inc. (NASDAQ:LYTS). These stocks are Capstone Turbine Corporation (NASDAQ:CPST), JinkoSolar Holding Co., Ltd. (NYSE:JKS), Coleman Cable, Inc. (NASDAQ:CCIX), Exide Technologies (NASDAQ:XIDE), and Skullcandy Inc (NASDAQ:SKUL). This group of stocks belong to the industrial electrical equipment industry and their market caps resemble LYTS’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Capstone Turbine Corporation (NASDAQ:CPST) 7 0 0
JinkoSolar Holding Co., Ltd. (NYSE:JKS) 4 0 0
Coleman Cable, Inc. (NASDAQ:CCIX) 4 1 0
Exide Technologies (NASDAQ:XIDE) 14 1 0
Skullcandy Inc (NASDAQ:SKUL) 8 3 1

With the results demonstrated by Insider Monkey’s time-tested strategies, retail investors should always pay attention to hedge fund and insider trading sentiment, and LSI Industries, Inc. (NASDAQ:LYTS) shareholders fit into this picture quite nicely.

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