FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report) Director Matthew Lingenbrink acquired 2,800 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average cost of $12.17 per share, for a total transaction of $34,076.00. Following the completion of the transaction, the director now directly owns 2,800 shares in the company, valued at $34,076. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
FitLife Brands Trading Up 3.9 %
Shares of NASDAQ:FTLF opened at $12.31 on Thursday. The stock's 50-day simple moving average is $14.56 and its two-hundred day simple moving average is $15.61. The stock has a market capitalization of $113.38 million, a price-to-earnings ratio of 14.57 and a beta of 0.95. FitLife Brands, Inc. has a 52-week low of $11.72 and a 52-week high of $17.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.64 and a current ratio of 1.50.
FitLife Brands (NASDAQ:FTLF - Get Free Report) last released its quarterly earnings results on Thursday, March 27th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). FitLife Brands had a return on equity of 28.03% and a net margin of 13.38%. Analysts expect that FitLife Brands, Inc. will post 0.94 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital started coverage on FitLife Brands in a research report on Monday, March 17th. They issued a "buy" rating and a $21.00 price objective on the stock.
Get Our Latest Report on FitLife Brands
Institutional Trading of FitLife Brands
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC purchased a new position in FitLife Brands during the third quarter valued at approximately $91,000. Bard Associates Inc. bought a new stake in shares of FitLife Brands during the 4th quarter valued at $211,000. 683 Capital Management LLC purchased a new position in shares of FitLife Brands during the 4th quarter valued at $384,000. Northern Trust Corp purchased a new position in shares of FitLife Brands during the 4th quarter valued at $409,000. Finally, Geode Capital Management LLC increased its stake in FitLife Brands by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 22,157 shares of the company's stock worth $726,000 after buying an additional 1,144 shares in the last quarter. Hedge funds and other institutional investors own 2.32% of the company's stock.
FitLife Brands Company Profile
(
Get Free Report)
FitLife Brands, Inc provides nutritional supplements for health-conscious consumers in the United States and internationally. The company provides weight loss, sports nutrition, and general health products; sports nutrition products; weight loss and sports nutrition products; sports nutrition and general wellness formulations with an emphasis on natural, vegan, and organic ingredients; and male health and weight loss products, as well as other diet, health, and sports nutrition supplements and related products; and value-oriented sports nutrition and weight loss products.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
