FitLife Brands, Inc. (NASDAQ:FTLF – Get Free Report) Director Matthew Lingenbrink bought 3,000 shares of the stock in a transaction dated Monday, April 14th. The stock was bought at an average price of $12.17 per share, for a total transaction of $36,510.00. Following the purchase, the director now directly owns 5,800 shares of the company’s stock, valued at approximately $70,586. The trade was a 107.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Matthew Lingenbrink also recently made the following trade(s):
- On Monday, March 31st, Matthew Lingenbrink bought 2,800 shares of FitLife Brands stock. The shares were purchased at an average cost of $12.17 per share, with a total value of $34,076.00.
FitLife Brands Stock Up 1.7 %
Shares of NASDAQ FTLF opened at $12.28 on Wednesday. FitLife Brands, Inc. has a 52-week low of $9.83 and a 52-week high of $17.75. The company has a quick ratio of 0.64, a current ratio of 1.50 and a debt-to-equity ratio of 0.28. The company’s 50-day simple moving average is $13.64 and its 200-day simple moving average is $15.22. The firm has a market cap of $113.21 million, a price-to-earnings ratio of 14.53 and a beta of 0.80.
Institutional Investors Weigh In On FitLife Brands
Several institutional investors and hedge funds have recently added to or reduced their stakes in FTLF. Mink Brook Asset Management LLC purchased a new position in shares of FitLife Brands in the fourth quarter worth about $1,251,000. Northern Trust Corp acquired a new stake in shares of FitLife Brands in the fourth quarter valued at approximately $409,000. 683 Capital Management LLC purchased a new position in shares of FitLife Brands during the 4th quarter worth $384,000. Bard Associates Inc. acquired a new stake in FitLife Brands during the fourth quarter worth about $211,000. Finally, Barclays PLC purchased a new position in FitLife Brands during the third quarter worth about $91,000. Institutional investors and hedge funds own 2.32% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Lake Street Capital began coverage on FitLife Brands in a research report on Monday, March 17th. They set a “buy” rating and a $21.00 price target on the stock.
Read Our Latest Stock Report on FTLF
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.
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