Lifetime Brands Inc (LCUT) Shares Sold by Boston Partners
Boston Partners cut its stake in shares of Lifetime Brands Inc (NASDAQ:LCUT) by 52.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,614 shares of the company’s stock after selling 72,355 shares during the quarter. Boston Partners’ holdings in Lifetime Brands were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Resources Investment Advisors Inc. bought a new stake in Lifetime Brands during the fourth quarter valued at approximately $71,000. Rhumbline Advisers lifted its holdings in shares of Lifetime Brands by 43.0% in the 4th quarter. Rhumbline Advisers now owns 16,975 shares of the company’s stock worth $170,000 after acquiring an additional 5,104 shares during the last quarter. United Asset Strategies Inc. bought a new stake in shares of Lifetime Brands in the 1st quarter worth approximately $173,000. Weber Alan W bought a new stake in shares of Lifetime Brands in the 4th quarter worth approximately $451,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Lifetime Brands by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 118,701 shares of the company’s stock worth $1,190,000 after acquiring an additional 5,007 shares during the last quarter. Institutional investors and hedge funds own 46.36% of the company’s stock.
Shares of LCUT opened at $9.51 on Monday. The company has a market capitalization of $198.97 million, a PE ratio of 33.96 and a beta of 0.97. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.96 and a quick ratio of 1.12. Lifetime Brands Inc has a fifty-two week low of $8.01 and a fifty-two week high of $13.75.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were issued a $0.0425 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.79%. Lifetime Brands’s payout ratio is 60.71%.
In other Lifetime Brands news, major shareholder Centre Partners V, L.P. acquired 3,670 shares of the stock in a transaction dated Monday, May 13th. The stock was purchased at an average cost of $9.45 per share, for a total transaction of $34,681.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 360,420 shares of company stock valued at $3,415,449. Company insiders own 41.70% of the company’s stock.
Separately, ValuEngine upgraded shares of Lifetime Brands from a “sell” rating to a “hold” rating in a report on Monday, April 15th.
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Lifetime Brands Company Profile
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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