Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells 10,000 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY – Get Rating) major shareholder Edward Smolyansky sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the sale, the insider now directly owns 1,354,439 shares in the company, valued at $8,126,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, March 30th, Edward Smolyansky sold 15,000 shares of Lifeway Foods stock. The stock was sold at an average price of $6.01, for a total transaction of $90,150.00.
• On Tuesday, March 28th, Edward Smolyansky sold 28,000 shares of Lifeway Foods stock. The stock was sold at an average price of $5.94, for a total transaction of $166,320.00.

Lifeway Foods Stock Performance

NASDAQ:LWAY opened at $6.00 on Monday. The company has a current ratio of 2.00, a quick ratio of 1.33 and a debt-to-equity ratio of 0.10. Lifeway Foods, Inc. has a 12 month low of $4.55 and a 12 month high of $8.10. The company has a market cap of $87.90 million, a PE ratio of 33.33 and a beta of 1.48. The company has a 50 day simple moving average of $6.09 and a two-hundred day simple moving average of $6.09.

Lifeway Foods (NASDAQ:LWAY – Get Rating) last issued its quarterly earnings data on Monday, March 27th. The company reported $0.05 earnings per share (EPS) for the quarter. Lifeway Foods had a net margin of 1.82% and a return on equity of 5.41%. The firm had revenue of $35.84 million during the quarter. Research analysts forecast that Lifeway Foods, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Lifeway Foods in a report on Tuesday, May 16th. They set a “strong-buy” rating for the company.

Institutional Trading of Lifeway Foods

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in Lifeway Foods by 2.2% in the 1st quarter. Renaissance Technologies LLC now owns 383,982 shares of the company’s stock worth $2,319,000 after purchasing an additional 8,200 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Lifeway Foods by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 266,535 shares of the company’s stock worth $1,610,000 after purchasing an additional 3,657 shares in the last quarter. Vanguard Group Inc. lifted its stake in Lifeway Foods by 22.8% in the 1st quarter. Vanguard Group Inc. now owns 178,117 shares of the company’s stock worth $1,286,000 after purchasing an additional 33,079 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Lifeway Foods in the 1st quarter worth $483,000. Finally, UBS Group AG lifted its stake in Lifeway Foods by 12,896.2% in the 4th quarter. UBS Group AG now owns 16,895 shares of the company’s stock worth $94,000 after purchasing an additional 16,765 shares in the last quarter. Hedge funds and other institutional investors own 29.36% of the company’s stock.

Lifeway Foods Company Profile

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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.