FitLife Brands Inc. (NASDAQ:FTLF – Get Free Report) shares traded down 7.1% on Friday . The company traded as low as $10.78 and last traded at $11.08. Approximately 374,254 shares traded hands during trading, an increase of 1,392% from the average daily volume of 25,090 shares. The stock had previously closed at $11.93.
Wall Street Analysts Forecast Growth
FTLF has been the subject of a number of recent research reports. Weiss Ratings cut shares of FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Lake Street Capital dropped their price objective on shares of FitLife Brands from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, Zacks Research downgraded shares of FitLife Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.50.
Get Our Latest Research Report on FitLife Brands
FitLife Brands Stock Performance
FitLife Brands (NASDAQ:FTLF – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. FitLife Brands had a return on equity of 18.31% and a net margin of 6.64%.The firm had revenue of $25.32 million during the quarter. Research analysts forecast that FitLife Brands Inc. will post 0.83 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Grant Robert Dawson purchased 3,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was bought at an average cost of $9.98 per share, for a total transaction of $29,940.00. Following the purchase, the director owned 158,000 shares of the company’s stock, valued at approximately $1,576,840. The trade was a 1.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Lingenbrink acquired 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of $9.76 per share, for a total transaction of $29,280.00. Following the acquisition, the director owned 8,800 shares in the company, valued at $85,888. This represents a 51.72% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 61.40% of the stock is currently owned by corporate insiders.
Institutional Trading of FitLife Brands
A number of hedge funds have recently made changes to their positions in the company. Bard Associates Inc. increased its stake in shares of FitLife Brands by 3.5% in the third quarter. Bard Associates Inc. now owns 16,701 shares of the company’s stock valued at $332,000 after buying an additional 561 shares during the period. Rhumbline Advisers increased its position in FitLife Brands by 12.3% in the 3rd quarter. Rhumbline Advisers now owns 5,870 shares of the company’s stock valued at $117,000 after acquiring an additional 642 shares during the period. Geode Capital Management LLC raised its stake in shares of FitLife Brands by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 92,689 shares of the company’s stock valued at $1,508,000 after acquiring an additional 991 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of FitLife Brands by 107.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock valued at $57,000 after acquiring an additional 1,803 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of FitLife Brands by 78.0% during the fourth quarter. Wells Fargo & Company MN now owns 4,271 shares of the company’s stock worth $69,000 after purchasing an additional 1,871 shares during the period. 2.32% of the stock is owned by institutional investors and hedge funds.
FitLife Brands Company Profile
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.
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