Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells 3,620 Shares of Stock

Posted by George Bondi on Apr 25th, 2024

Lifeway Foods, Inc. (NASDAQ:LWAY – Get Free Report) major shareholder Ludmila Smolyansky sold 3,620 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $21.56, for a total value of $78,047.20. Following the completion of the sale, the insider now directly owns 1,254,753 shares of the company’s stock, valued at approximately $27,052,474.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Ludmila Smolyansky also recently made the following trade(s):

On Tuesday, April 23rd, Ludmila Smolyansky sold 21,968 shares of Lifeway Foods stock. The stock was sold at an average price of $20.33, for a total transaction of $446,609.44.
On Wednesday, April 17th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $20.04, for a total transaction of $200,400.00.
On Monday, April 15th, Ludmila Smolyansky sold 2,193 shares of Lifeway Foods stock. The shares were sold at an average price of $20.50, for a total value of $44,956.50.
On Friday, April 5th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The stock was sold at an average price of $19.56, for a total value of $97,800.00.
On Monday, April 8th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The shares were sold at an average price of $20.40, for a total value of $102,000.00.
On Tuesday, March 26th, Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock. The stock was sold at an average price of $18.71, for a total value of $243,230.00.
On Friday, March 22nd, Ludmila Smolyansky sold 3,852 shares of Lifeway Foods stock. The shares were sold at an average price of $15.80, for a total transaction of $60,861.60.
On Wednesday, March 20th, Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock. The stock was sold at an average price of $12.87, for a total transaction of $167,310.00.
On Monday, February 26th, Ludmila Smolyansky sold 13,542 shares of Lifeway Foods stock. The shares were sold at an average price of $12.34, for a total transaction of $167,108.28.
On Thursday, February 8th, Ludmila Smolyansky sold 22,747 shares of Lifeway Foods stock. The stock was sold at an average price of $11.61, for a total transaction of $264,092.67.

Lifeway Foods Price Performance

NASDAQ:LWAY traded up $0.06 during trading hours on Thursday, hitting $21.49. 80,202 shares of the stock were exchanged, compared to its average volume of 88,510. The firm’s fifty day moving average price is $15.58 and its 200 day moving average price is $13.79. Lifeway Foods, Inc. has a 52-week low of $5.61 and a 52-week high of $23.31. The company has a market cap of $315.69 million, a P/E ratio of 28.28 and a beta of 1.33. The company has a current ratio of 2.30, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02.

Lifeway Foods (NASDAQ:LWAY – Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. Lifeway Foods had a return on equity of 20.92% and a net margin of 7.10%. The firm had revenue of $42.09 million for the quarter, compared to analyst estimates of $40.00 million. As a group, equities research analysts anticipate that Lifeway Foods, Inc. will post 1 EPS for the current fiscal year.

Analysts Set New Price Targets

LWAY has been the subject of a number of analyst reports. StockNews.com cut Lifeway Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 6th. Lake Street Capital initiated coverage on Lifeway Foods in a research report on Friday, April 5th. They set a “buy” rating and a $25.00 target price on the stock. Finally, Noble Financial reissued a “market perform” rating on shares of Lifeway Foods in a report on Wednesday, March 27th.

View Our Latest Analysis on Lifeway Foods

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in LWAY. EAM Investors LLC purchased a new position in shares of Lifeway Foods in the third quarter worth about $1,353,000. Denali Advisors LLC raised its holdings in Lifeway Foods by 62.5% in the 4th quarter. Denali Advisors LLC now owns 14,300 shares of the company’s stock valued at $192,000 after acquiring an additional 5,500 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Lifeway Foods in the 3rd quarter valued at about $143,000. Tower Research Capital LLC TRC lifted its stake in Lifeway Foods by 656.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,010 shares of the company’s stock worth $67,000 after purchasing an additional 4,348 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Lifeway Foods during the 3rd quarter worth approximately $405,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

About Lifeway Foods

(Get Free Report)

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.