Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $446,609.44 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 21,968 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $20.33, for a total value of $446,609.44. Following the completion of the sale, the insider now owns 1,268,373 shares of the company’s stock, valued at approximately $25,786,023.09. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, April 25th, Ludmila Smolyansky sold 3,620 shares of Lifeway Foods stock. The stock was sold at an average price of $21.56, for a total transaction of $78,047.20.
• 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 transaction of $200,400.00.
• On Monday, April 15th, Ludmila Smolyansky sold 2,193 shares of Lifeway Foods stock. The shares were sold at an average price of $20.50, for a total transaction of $44,956.50.
• On Friday, April 5th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The shares were sold at an average price of $19.56, for a total transaction of $97,800.00.
• On Monday, April 8th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The stock was 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 shares were 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 transaction of $167,310.00.
• On Monday, February 26th, Ludmila Smolyansky sold 13,542 shares of Lifeway Foods stock. The stock was sold at an average price of $12.34, for a total transaction 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 Stock Up 0.3 %

Shares of NASDAQ:LWAY traded up $0.06 during trading on Thursday, hitting $21.49. The stock had a trading volume of 80,202 shares, compared to its average volume of 88,510. The company has a market capitalization of $315.69 million, a PE ratio of 28.28 and a beta of 1.33. The company has a quick ratio of 1.75, a current ratio of 2.30 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $15.58 and its 200 day moving average is $13.79. Lifeway Foods, Inc. has a 12 month low of $5.61 and a 12 month high of $23.31.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on LWAY shares. Lake Street Capital began coverage on Lifeway Foods in a report on Friday, April 5th. They set a “buy” rating and a $25.00 price target on the stock. StockNews.com downgraded Lifeway Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 6th. Finally, Noble Financial reiterated a “market perform” rating on shares of Lifeway Foods in a report on Wednesday, March 27th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LWAY. Tower Research Capital LLC TRC increased its position in Lifeway Foods by 656.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,010 shares of the company’s stock valued at $67,000 after buying an additional 4,348 shares in the last quarter. Denali Advisors LLC purchased a new position in shares of Lifeway Foods in the 3rd quarter worth about $91,000. Teton Advisors Inc. bought a new position in Lifeway Foods in the 3rd quarter worth about $114,000. Acadian Asset Management LLC purchased a new stake in Lifeway Foods during the 3rd quarter valued at about $143,000. Finally, Bailard Inc. bought a new stake in Lifeway Foods during the 4th quarter valued at about $187,000. 36.39% of the stock is currently owned by institutional investors.

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.