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

Posted by Bonnie Powley on Apr 27th, 2024

Lifeway Foods, Inc. (NASDAQ:LWAY – Get Free Report) major shareholder Ludmila Smolyansky sold 3,620 shares of Lifeway Foods stock in a transaction that occurred 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 directly owns 1,254,753 shares in the company, valued at $27,052,474.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% 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 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 transaction of $264,092.67.

Lifeway Foods Trading Up 15.7 %

NASDAQ:LWAY opened at $24.87 on Friday. The company has a current ratio of 2.30, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The firm has a fifty day simple moving average of $15.85 and a 200-day simple moving average of $13.89. The company has a market capitalization of $365.34 million, a P/E ratio of 32.72 and a beta of 1.33. Lifeway Foods, Inc. has a 12 month low of $5.61 and a 12 month high of $24.95.

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

Wall Street Analysts Forecast Growth

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

View Our Latest Report on LWAY

Institutional Trading of Lifeway Foods

A number of institutional investors and hedge funds have recently modified their holdings of LWAY. Hillsdale Investment Management Inc. raised 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 valued at $3,153,000 after purchasing an additional 31,813 shares during the last quarter. EAM Investors LLC acquired a new position in shares of Lifeway Foods during the 3rd quarter valued at about $1,353,000. Gamco Investors INC. ET AL increased its position in shares of Lifeway Foods by 64.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 49,455 shares of the company’s stock worth $511,000 after purchasing an additional 19,455 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Lifeway Foods during the 3rd quarter worth approximately $405,000. Finally, Navellier & Associates Inc. increased its holdings in Lifeway Foods by 53.6% in the 4th quarter. Navellier & Associates Inc. now owns 37,181 shares of the company’s stock valued at $499,000 after purchasing an additional 12,981 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

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.