Lifeway Foods (NASDAQ:LWAY) Major Shareholder Edward Smolyansky Sells 111,548 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAYGet Free Report) major shareholder Edward Smolyansky sold 111,548 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $29.26, for a total value of $3,263,894.48. Following the completion of the transaction, the insider directly owned 902,642 shares of the company’s stock, valued at approximately $26,411,304.92. This trade represents a 11.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, June 30th, Edward Smolyansky sold 50,000 shares of Lifeway Foods stock. The stock was sold at an average price of $29.56, for a total transaction of $1,478,000.00.
  • On Wednesday, June 24th, Edward Smolyansky sold 38,452 shares of Lifeway Foods stock. The shares were sold at an average price of $29.85, for a total transaction of $1,147,792.20.
  • On Monday, June 22nd, Edward Smolyansky sold 50,000 shares of Lifeway Foods stock. The stock was sold at an average price of $26.20, for a total transaction of $1,310,000.00.
  • On Friday, May 15th, Edward Smolyansky sold 24,000 shares of Lifeway Foods stock. The shares were sold at an average price of $24.87, for a total transaction of $596,880.00.
  • On Thursday, May 14th, Edward Smolyansky sold 25,000 shares of Lifeway Foods stock. The stock was sold at an average price of $25.34, for a total value of $633,500.00.

Lifeway Foods Price Performance

Shares of LWAY stock traded up $1.49 on Thursday, hitting $30.94. 130,518 shares of the company’s stock were exchanged, compared to its average volume of 193,614. The company has a 50 day moving average of $25.90 and a 200 day moving average of $23.46. The stock has a market cap of $472.76 million, a P/E ratio of 31.90 and a beta of 0.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.14 and a quick ratio of 1.56. Lifeway Foods, Inc. has a 12 month low of $17.31 and a 12 month high of $34.20.

Lifeway Foods (NASDAQ:LWAYGet Free Report) last posted its earnings results on Thursday, May 14th. The company reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Lifeway Foods had a net margin of 6.54% and a return on equity of 17.76%. The firm had revenue of $63.01 million during the quarter, compared to analysts’ expectations of $60.80 million.

Hedge Funds Weigh In On Lifeway Foods

A number of hedge funds have recently made changes to their positions in the stock. Divisadero Street Capital Management LP acquired a new position in shares of Lifeway Foods in the third quarter worth approximately $17,494,000. Dimensional Fund Advisors LP boosted its stake in shares of Lifeway Foods by 8.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 235,710 shares of the company’s stock valued at $4,558,000 after purchasing an additional 19,035 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Lifeway Foods by 33.5% during the first quarter. Gamco Investors INC. ET AL now owns 214,650 shares of the company’s stock worth $4,151,000 after buying an additional 53,900 shares during the period. Tudor Investment Corp ET AL raised its stake in Lifeway Foods by 73.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 163,361 shares of the company’s stock worth $3,958,000 after buying an additional 68,956 shares during the last quarter. Finally, Slotnik Capital LLC lifted its holdings in Lifeway Foods by 9.2% in the third quarter. Slotnik Capital LLC now owns 141,761 shares of the company’s stock valued at $3,935,000 after buying an additional 11,921 shares during the period. 36.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Benchmark reiterated a “buy” rating on shares of Lifeway Foods in a research note on Monday, June 15th. Weiss Ratings raised Lifeway Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen lowered shares of Lifeway Foods from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.33.

Check Out Our Latest Stock Analysis on LWAY

Lifeway Foods Company Profile

(Get Free Report)

Lifeway Foods, Inc (NASDAQ: LWAY) is a Chicago-based food company specializing in probiotic-rich cultured dairy products. Established in 1986 by Michael Smolyansky, the company pioneered the introduction of kefir to the U.S. market. Under the leadership of CEO Julie Smolyansky, who succeeded her father in 2002, Lifeway has grown from a single product operation into a diversified portfolio of fermented foods and beverages aimed at promoting digestive health and wellness.

The company’s flagship product is kefir, a cultured milk beverage naturally rich in probiotics, vitamins and minerals.

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Insider Buying and Selling by Quarter for Lifeway Foods (NASDAQ:LWAY)

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