FitLife Brands, Inc. (NASDAQ:FTLF) Director Matthew Lingenbrink Purchases 2,800 Shares

FitLife Brands, Inc. (NASDAQ:FTLF) Director Matthew Lingenbrink acquired 2,800 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of $12.17 per share, with a total value of $34,076.00. Following the completion of the transaction, the director now directly owns 2,800 shares in the company, valued at $34,076. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FitLife Brands Stock Performance

FitLife Brands stock traded up $0.07 during trading hours on Wednesday, hitting $11.92. 5,805 shares of the stock traded hands, compared to its average volume of 17,346. The firm’s 50 day moving average price is $14.63 and its 200-day moving average price is $15.63. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.50 and a quick ratio of 0.64. The stock has a market capitalization of $109.74 million, a price-to-earnings ratio of 14.10 and a beta of 0.95. FitLife Brands, Inc. has a 1 year low of $11.51 and a 1 year high of $17.75.

FitLife Brands (NASDAQ:FTLF) last issued its earnings results on Thursday, March 27th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). FitLife Brands had a net margin of 13.38% and a return on equity of 28.03%. As a group, equities analysts expect that FitLife Brands, Inc. will post 0.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Lake Street Capital initiated coverage on shares of FitLife Brands in a report on Monday, March 17th. They issued a “buy” rating and a $21.00 price target for the company.

Institutional Trading of FitLife Brands

Several large investors have recently made changes to their positions in the business. Mink Brook Asset Management LLC acquired a new position in FitLife Brands during the fourth quarter valued at $1,251,000. Geode Capital Management LLC raised its stake in shares of FitLife Brands by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 23,202 shares of the company’s stock valued at $757,000 after buying an additional 1,045 shares during the last quarter. Northern Trust Corp acquired a new position in shares of FitLife Brands in the 4th quarter valued at about $409,000. 683 Capital Management LLC purchased a new stake in shares of FitLife Brands in the fourth quarter worth about $384,000. Finally, Bard Associates Inc. acquired a new stake in FitLife Brands during the fourth quarter worth about $211,000. 2.32% of the stock is owned by hedge funds and other institutional investors.

About FitLife Brands

FitLife Brands, Inc provides nutritional supplements for health-conscious consumers in the United States and internationally. The company provides weight loss, sports nutrition, and general health products; sports nutrition products; weight loss and sports nutrition products; sports nutrition and general wellness formulations with an emphasis on natural, vegan, and organic ingredients; and male health and weight loss products, as well as other diet, health, and sports nutrition supplements and related products; and value-oriented sports nutrition and weight loss products.