Insider Selling: Lifeway Foods (NASDAQ:LWAY) Major Shareholder Sells $1,352,514.40 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAYGet Free Report) major shareholder Ludmila Smolyansky sold 45,616 shares of Lifeway Foods stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $29.65, for a total value of $1,352,514.40. Following the transaction, the insider owned 607,207 shares in the company, valued at approximately $18,003,687.55. This represents a 6.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large 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 Wednesday, June 24th, Ludmila Smolyansky sold 40,000 shares of Lifeway Foods stock. The shares were sold at an average price of $30.12, for a total transaction of $1,204,800.00.
  • On Friday, May 15th, Ludmila Smolyansky sold 20,000 shares of Lifeway Foods stock. The shares were sold at an average price of $24.64, for a total transaction of $492,800.00.
  • On Monday, April 20th, Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock. The stock was sold at an average price of $26.50, for a total transaction of $397,500.00.

Lifeway Foods Price Performance

Shares of LWAY stock opened at $29.39 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.14 and a quick ratio of 1.56. The firm’s 50-day moving average is $25.58 and its two-hundred day moving average is $23.27. Lifeway Foods, Inc. has a 12 month low of $17.31 and a 12 month high of $34.20. The company has a market capitalization of $449.08 million, a PE ratio of 30.30 and a beta of 0.48.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LWAY. Weiss Ratings raised Lifeway Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Benchmark reaffirmed a “buy” rating on shares of Lifeway Foods in a research note on Monday, June 15th. Finally, Wall Street Zen cut 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.33.

Check Out Our Latest Stock Analysis on Lifeway Foods

Hedge Funds Weigh In On Lifeway Foods

Hedge funds and other institutional investors have recently bought and sold shares of the company. Divisadero Street Capital Management LP acquired a new stake in shares of Lifeway Foods during the third quarter worth about $17,494,000. Ionic Capital Management LLC acquired a new position in shares of Lifeway Foods in the third quarter valued at approximately $500,000. Strs Ohio purchased a new stake in Lifeway Foods during the 1st quarter worth approximately $90,000. Raymond James Financial Inc. purchased a new stake in Lifeway Foods during the 2nd quarter worth approximately $40,000. Finally, Larson Financial Group LLC purchased a new stake in Lifeway Foods during the 3rd quarter worth approximately $31,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading

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

Receive News & Ratings for Lifeway Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifeway Foods and related companies with MarketBeat.com's FREE daily email newsletter.