JBF Capital Inc. Takes $672,000 Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

JBF Capital Inc. purchased a new position in Lifeway Foods, Inc. (NASDAQ:LWAY) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,500 shares of the company’s stock, valued at approximately $672,000. JBF Capital Inc. owned about 0.18% of Lifeway Foods as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Beryl Capital Management LLC purchased a new position in shares of Lifeway Foods during the fourth quarter valued at about $3,607,000. TIG Advisors LLC bought a new stake in Lifeway Foods during the 4th quarter valued at approximately $3,512,000. Divisadero Street Capital Management LP bought a new stake in Lifeway Foods during the 4th quarter valued at approximately $2,925,000. JPMorgan Chase & Co. grew its holdings in shares of Lifeway Foods by 712.8% during the 4th quarter. JPMorgan Chase & Co. now owns 85,959 shares of the company’s stock worth $2,132,000 after acquiring an additional 75,383 shares during the period. Finally, Slotnik Capital LLC purchased a new position in Lifeway Foods during the fourth quarter valued at $1,314,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Lifeway Foods to a “hold” rating in a research note on Saturday, July 12th.

Lifeway Foods Trading Up 1.7%

Lifeway Foods stock opened at $25.22 on Friday. Lifeway Foods, Inc. has a 12 month low of $10.06 and a 12 month high of $27.29. The company has a market capitalization of $383.34 million, a price-to-earnings ratio of 38.21 and a beta of 0.75. The business’s fifty day simple moving average is $24.60 and its two-hundred day simple moving average is $23.43.

Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.19 by $0.04. The company had revenue of $46.09 million for the quarter, compared to analysts’ expectations of $48.50 million. Lifeway Foods had a return on equity of 14.20% and a net margin of 5.39%.

Insiders Place Their Bets

In related news, Director Jason Scott Scher sold 16,366 shares of the business’s stock in a transaction on Friday, June 27th. The shares were sold at an average price of $24.24, for a total value of $396,711.84. Following the sale, the director owned 1 shares in the company, valued at approximately $24.24. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Pol Sikar sold 3,000 shares of Lifeway Foods stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $22.35, for a total transaction of $67,050.00. Following the transaction, the director directly owned 23,858 shares of the company’s stock, valued at approximately $533,226.30. This represents a 11.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,566 shares of company stock worth $1,788,672 in the last 90 days. 18.86% of the stock is currently owned by corporate insiders.

Lifeway Foods Profile

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.