Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Ludmila Smolyansky Sells 3,620 Shares of Stock

Posted by AM Reporter Staff on Apr 26th, 2024

Lifeway Foods, Inc. (NASDAQ:LWAY – Get Free Report) major shareholder Ludmila Smolyansky sold 3,620 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $21.56, for a total value of $78,047.20. Following the completion of the transaction, the insider now owns 1,254,753 shares in the company, valued at approximately $27,052,474.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

On Tuesday, April 23rd, Ludmila Smolyansky sold 21,968 shares of Lifeway Foods stock. The stock was sold at an average price of $20.33, for a total value of $446,609.44.
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 value 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 value 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 value 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 value of $102,000.00.
On Tuesday, March 26th, Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock. The shares were sold at an average price of $18.71, for a total value 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 value 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 value 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 value 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 value of $264,092.67.

Lifeway Foods Price Performance

Lifeway Foods stock opened at $21.49 on Friday. The stock’s 50 day moving average is $15.58 and its 200 day moving average is $13.79. 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 firm has a market cap of $315.69 million, a P/E ratio of 28.28 and a beta of 1.33. Lifeway Foods, Inc. has a one year low of $5.61 and a one year high of $23.31.

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

Analysts Set New Price Targets

LWAY has been the topic of a number of recent research reports. Lake Street Capital initiated coverage on Lifeway Foods in a research note on Friday, April 5th. They set a “buy” rating and a $25.00 price target on the stock. Noble Financial reissued a “market perform” rating on shares of Lifeway Foods in a research note on Wednesday, March 27th. Finally, StockNews.com lowered Lifeway Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 6th.

Check Out Our Latest Research Report on LWAY

Institutional Investors Weigh In On Lifeway Foods

A number of hedge funds have recently added to or reduced their stakes in LWAY. Tower Research Capital LLC TRC increased its holdings in Lifeway Foods by 656.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,010 shares of the company’s stock worth $67,000 after purchasing an additional 4,348 shares in the last quarter. Denali Advisors LLC bought a new stake in Lifeway Foods in the third quarter worth approximately $91,000. Teton Advisors Inc. bought a new stake in Lifeway Foods in the third quarter worth approximately $114,000. Acadian Asset Management LLC bought a new stake in Lifeway Foods in the third quarter worth approximately $143,000. Finally, Bailard Inc. bought a new stake in Lifeway Foods in the fourth quarter worth approximately $187,000. 36.39% of the stock is currently owned by institutional investors.

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.