Ludmila Smolyansky Sells 21,968 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) Stock

Posted by Defense World Staff on Apr 27th, 2024

Lifeway Foods, Inc. (NASDAQ:LWAY – Get Free Report) major shareholder Ludmila Smolyansky sold 21,968 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $20.33, for a total transaction of $446,609.44. Following the completion of the sale, the insider now directly owns 1,268,373 shares of the company’s stock, valued at $25,786,023.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

On Thursday, April 25th, Ludmila Smolyansky sold 3,620 shares of Lifeway Foods stock. The shares were sold at an average price of $21.56, for a total transaction of $78,047.20.
On Wednesday, April 17th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $20.04, for a total transaction of $200,400.00.
On Monday, April 15th, Ludmila Smolyansky sold 2,193 shares of Lifeway Foods stock. The shares were sold at an average price of $20.50, for a total transaction of $44,956.50.
On Friday, April 5th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The shares were sold at an average price of $19.56, for a total transaction of $97,800.00.
On Monday, April 8th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The shares were sold at an average price of $20.40, for a total transaction of $102,000.00.
On Tuesday, March 26th, Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock. The stock was sold at an average price of $18.71, for a total transaction of $243,230.00.
On Friday, March 22nd, Ludmila Smolyansky sold 3,852 shares of Lifeway Foods stock. The shares were sold at an average price of $15.80, for a total transaction of $60,861.60.
On Wednesday, March 20th, Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock. The shares were sold at an average price of $12.87, for a total transaction of $167,310.00.
On Monday, February 26th, Ludmila Smolyansky sold 13,542 shares of Lifeway Foods stock. The shares were sold at an average price of $12.34, for a total transaction of $167,108.28.
On Thursday, February 8th, Ludmila Smolyansky sold 22,747 shares of Lifeway Foods stock. The shares were sold at an average price of $11.61, for a total transaction of $264,092.67.

Lifeway Foods Stock Up 15.7 %

Lifeway Foods stock opened at $24.87 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.75. The stock has a market capitalization of $365.34 million, a price-to-earnings ratio of 32.72 and a beta of 1.33. Lifeway Foods, Inc. has a 1-year low of $5.61 and a 1-year high of $24.95. The business has a fifty day moving average price of $15.85 and a 200-day moving average price of $13.89.

Lifeway Foods (NASDAQ:LWAY – Get Free Report) last posted its quarterly earnings data on Wednesday, March 20th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $42.09 million during the quarter, compared to analysts’ expectations of $40.00 million. Lifeway Foods had a return on equity of 20.92% and a net margin of 7.10%. Equities research analysts forecast that Lifeway Foods, Inc. will post 1 EPS for the current fiscal year.

Hedge Funds Weigh In On Lifeway Foods

A number of institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in shares of Lifeway Foods by 656.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,010 shares of the company’s stock valued at $67,000 after buying an additional 4,348 shares during the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Lifeway Foods by 15.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 235,097 shares of the company’s stock valued at $3,153,000 after purchasing an additional 31,813 shares in the last quarter. Navellier & Associates Inc. increased its stake in shares of Lifeway Foods by 53.6% in the 4th quarter. Navellier & Associates Inc. now owns 37,181 shares of the company’s stock valued at $499,000 after purchasing an additional 12,981 shares in the last quarter. Jump Financial LLC purchased a new position in shares of Lifeway Foods in the 4th quarter valued at about $303,000. Finally, Bailard Inc. purchased a new position in shares of Lifeway Foods in the 4th quarter valued at about $187,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LWAY shares. Noble Financial reiterated a “market perform” rating on shares of Lifeway Foods in a report on Wednesday, March 27th. StockNews.com downgraded shares of Lifeway Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 6th. Finally, Lake Street Capital assumed coverage on shares of Lifeway Foods in a research report on Friday, April 5th. They set a “buy” rating and a $25.00 target price on the stock.

Read Our Latest Stock Report on LWAY

About Lifeway Foods

(Get 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.