Lifeway Foods (NASDAQ:LWAY) Given Market Perform Rating at Noble Financial

Noble Financial restated their market perform rating on shares of Lifeway Foods (NASDAQ:LWAY) in a research report released on Wednesday, Marketbeat reports.

Separately, StockNews.com raised Lifeway Foods from a buy rating to a strong-buy rating in a report on Friday, January 26th.

Lifeway Foods Stock Up 0.9 %

Shares of LWAY stock opened at $19.33 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Lifeway Foods has a 12 month low of $5.61 and a 12 month high of $19.60. The stock has a market cap of $283.96 million, a P/E ratio of 25.43 and a beta of 1.29. The company has a 50 day simple moving average of $12.46 and a two-hundred day simple moving average of $12.57.

Insider Buying and Selling

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 3,852 shares of Lifeway Foods stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $15.80, for a total transaction of $60,861.60. Following the transaction, the insider now owns 1,347,534 shares of the company’s stock, valued at $21,291,037.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Ludmila Smolyansky sold 3,852 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $15.80, for a total transaction of $60,861.60. Following the completion of the sale, the insider now owns 1,347,534 shares in the company, valued at $21,291,037.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Edward Smolyansky sold 3,468 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $13.44, for a total value of $46,609.92. Following the completion of the transaction, the insider now directly owns 1,271,642 shares in the company, valued at $17,090,868.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,068 shares of company stock valued at $1,046,737. 31.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lifeway Foods

Institutional investors have recently bought and sold shares of the stock. Kanen Wealth Management LLC boosted its holdings in shares of Lifeway Foods by 107.9% during the 2nd quarter. Kanen Wealth Management LLC now owns 620,973 shares of the company’s stock valued at $4,085,000 after purchasing an additional 322,260 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Lifeway Foods by 2.2% in the first quarter. Renaissance Technologies LLC now owns 383,982 shares of the company’s stock worth $2,319,000 after buying an additional 8,200 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Lifeway Foods by 7.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 317,479 shares of the company’s stock valued at $4,257,000 after buying an additional 21,732 shares during the last quarter. Vanguard Group Inc. grew its holdings in Lifeway Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 260,569 shares of the company’s stock valued at $3,494,000 after buying an additional 2,211 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in Lifeway Foods by 15.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 235,097 shares of the company’s stock worth $3,153,000 after acquiring an additional 31,813 shares during the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

About Lifeway Foods

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.