Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells 45,000 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $23.49, for a total transaction of $1,057,050.00. Following the completion of the transaction, the insider now directly owns 1,025,549 shares of the company’s stock, valued at approximately $24,090,146.01. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, January 3rd, Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock. The stock was sold at an average price of $24.12, for a total transaction of $361,800.00.

Lifeway Foods Price Performance

LWAY stock traded down $0.12 during midday trading on Tuesday, reaching $23.10. 56,958 shares of the stock were exchanged, compared to its average volume of 97,240. Lifeway Foods, Inc. has a 52 week low of $9.93 and a 52 week high of $28.61. The company has a fifty day moving average price of $24.28 and a 200 day moving average price of $20.57. The stock has a market capitalization of $342.25 million, a PE ratio of 26.86 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Lifeway Foods during the 3rd quarter worth approximately $1,270,000. Los Angeles Capital Management LLC acquired a new position in shares of Lifeway Foods during the third quarter worth approximately $1,237,000. American Century Companies Inc. bought a new position in shares of Lifeway Foods in the 2nd quarter worth $593,000. Cornercap Investment Counsel Inc. acquired a new stake in Lifeway Foods in the 2nd quarter valued at $539,000. Finally, Bank of Montreal Can bought a new stake in Lifeway Foods during the 2nd quarter valued at $432,000. 36.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LWAY. Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com began coverage on shares of Lifeway Foods in a research report on Wednesday, January 1st. They set a “hold” rating on the stock.

Lifeway Foods Company 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.