Lifeway Foods, Inc. (NASDAQ:LWAY – Get Rating) major shareholder Edward Smolyansky sold 15,000 shares of the firm’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $6.01, for a total transaction of $90,150.00. Following the sale, the insider now owns 1,394,439 shares of the company’s stock, valued at $8,380,578.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Edward Smolyansky also recently made the following trade(s):
- On Tuesday, March 28th, Edward Smolyansky sold 28,000 shares of Lifeway Foods stock. The shares were sold at an average price of $5.94, for a total transaction of $166,320.00.
- On Friday, January 13th, Edward Smolyansky sold 5,000 shares of Lifeway Foods stock. The stock was sold at an average price of $6.00, for a total transaction of $30,000.00.
Lifeway Foods Stock Performance
Shares of LWAY opened at $6.04 on Friday. Lifeway Foods, Inc. has a 1 year low of $4.55 and a 1 year high of $8.10. The firm has a fifty day moving average of $5.84 and a 200-day moving average of $6.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.55 and a current ratio of 2.07. The company has a market cap of $88.49 million, a price-to-earnings ratio of 100.68 and a beta of 1.51.
Analyst Ratings Changes
Hedge Funds Weigh In On Lifeway Foods
Several institutional investors and hedge funds have recently bought and sold shares of LWAY. Millennium Management LLC bought a new stake in Lifeway Foods in the fourth quarter valued at $82,000. UBS Group AG raised its position in shares of Lifeway Foods by 12,896.2% during the fourth quarter. UBS Group AG now owns 16,895 shares of the company’s stock worth $94,000 after purchasing an additional 16,765 shares during the period. Voss Capital LLC bought a new position in shares of Lifeway Foods during the third quarter worth about $332,000. Finally, Vanguard Group Inc. grew its holdings in shares of Lifeway Foods by 22.8% during the first quarter. Vanguard Group Inc. now owns 178,117 shares of the company’s stock worth $1,286,000 after buying an additional 33,079 shares in the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.
Lifeway Foods Company Profile
Lifeway Foods, Inc engages in the manufacture of probiotic and nutritious foods. Its products include kefir, organic kefir, plantiful, probugs, frozen kefir, cups and skyr, cheese, and supplements. The company distributes its products primarily through its direct sales force, brokers, and distributors.
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