Denali Advisors LLC Purchases 5,500 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY)

Denali Advisors LLC grew its position in Lifeway Foods, Inc. (NASDAQ:LWAYFree Report) by 62.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,300 shares of the company’s stock after acquiring an additional 5,500 shares during the quarter. Denali Advisors LLC owned 0.10% of Lifeway Foods worth $192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in shares of Lifeway Foods by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 268,069 shares of the company’s stock worth $1,804,000 after purchasing an additional 1,534 shares during the period. Northern Trust Corp boosted its holdings in shares of Lifeway Foods by 14.7% in the 2nd quarter. Northern Trust Corp now owns 17,255 shares of the company’s stock worth $113,000 after purchasing an additional 2,212 shares during the period. Citigroup Inc. purchased a new position in shares of Lifeway Foods in the 3rd quarter worth approximately $27,000. Renaissance Technologies LLC boosted its holdings in shares of 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 during the period. Finally, Teton Advisors Inc. purchased a new position in shares of Lifeway Foods in the 3rd quarter worth approximately $114,000. Institutional investors own 36.39% of the company’s stock.

Insider Activity at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 11,459 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $13.54, for a total transaction of $155,154.86. Following the completion of the transaction, the insider now owns 1,413,328 shares in the company, valued at approximately $19,136,461.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Lifeway Foods news, Director Pol Sikar sold 10,000 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $17.19, for a total value of $171,900.00. Following the completion of the sale, the director now directly owns 23,707 shares in the company, valued at approximately $407,523.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Ludmila Smolyansky sold 11,459 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $13.54, for a total value of $155,154.86. Following the completion of the sale, the insider now owns 1,413,328 shares of the company’s stock, valued at $19,136,461.12. The disclosure for this sale can be found here. Insiders sold a total of 138,627 shares of company stock worth $2,066,684 in the last quarter. 31.77% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Noble Financial reiterated a “market perform” rating on shares of Lifeway Foods in a report on Wednesday, March 27th. StockNews.com cut Lifeway Foods from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 27th.

Check Out Our Latest Analysis on Lifeway Foods

Lifeway Foods Price Performance

LWAY opened at $17.22 on Monday. The business has a fifty day moving average of $12.58 and a 200 day moving average of $12.66. Lifeway Foods, Inc. has a 52-week low of $5.61 and a 52-week high of $19.60. The company has a quick ratio of 1.75, a current ratio of 2.30 and a debt-to-equity ratio of 0.02. The stock has a market cap of $252.96 million, a P/E ratio of 22.66 and a beta of 1.33.

Lifeway Foods Profile

(Free Report)

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.

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Institutional Ownership by Quarter for Lifeway Foods (NASDAQ:LWAY)

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