Lifeway Foods, Inc. (NASDAQ:LWAY – Get Free Report) major shareholder Divisadero Street Capital Mana bought 35,952 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were purchased at an average cost of $24.78 per share, with a total value of $890,890.56. Following the purchase, the insider directly owned 2,348,108 shares of the company’s stock, valued at $58,186,116.24. The trade was a 1.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Divisadero Street Capital Mana also recently made the following trade(s):
- On Friday, August 14th, Divisadero Street Capital Mana acquired 15,000 shares of Lifeway Foods stock. The stock was acquired at an average cost of $24.69 per share, for a total transaction of $370,350.00.
- On Thursday, August 13th, Divisadero Street Capital Mana purchased 195,616 shares of Lifeway Foods stock. The stock was acquired at an average cost of $24.87 per share, for a total transaction of $4,864,969.92.
Lifeway Foods Stock Down 1.6%
Lifeway Foods stock opened at $25.04 on Thursday. The firm’s fifty day moving average is $29.09 and its 200 day moving average is $25.12. 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 $378.35 million, a PE ratio of 35.77 and a beta of 0.44. The company has a quick ratio of 1.47, a current ratio of 2.09 and a debt-to-equity ratio of 0.26.
Institutional Investors Weigh In On Lifeway Foods
Several institutional investors have recently added to or reduced their stakes in the business. Persistent Asset Partners Ltd purchased a new position in shares of Lifeway Foods in the second quarter worth about $26,000. Larson Financial Group LLC bought a new stake in shares of Lifeway Foods in the third quarter valued at approximately $31,000. BNP Paribas Financial Markets lifted its stake in shares of Lifeway Foods by 577.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,551 shares of the company’s stock valued at $38,000 after buying an additional 1,322 shares in the last quarter. Raymond James Financial Inc. bought a new position in Lifeway Foods in the 2nd quarter worth approximately $40,000. Finally, State of Alaska Department of Revenue grew its stake in Lifeway Foods by 302.0% in the 4th quarter. State of Alaska Department of Revenue now owns 2,967 shares of the company’s stock valued at $71,000 after buying an additional 2,229 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on LWAY shares. Weiss Ratings lowered Lifeway Foods from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Freedom Capital upgraded shares of Lifeway Foods from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 14th. Wall Street Zen downgraded shares of Lifeway Foods from a “hold” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Benchmark reissued a “buy” rating on shares of Lifeway Foods in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $35.00.
Read Our Latest Stock Analysis on LWAY
Lifeway Foods Company Profile
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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