Matthew Lingenbrink Acquires 3,000 Shares of FitLife Brands, Inc. (NASDAQ:FTLF) Stock

FitLife Brands, Inc. (NASDAQ:FTLF) Director Matthew Lingenbrink purchased 3,000 shares of the stock in a transaction dated Monday, April 14th. The shares were acquired at an average price of $12.17 per share, with a total value of $36,510.00. Following the completion of the acquisition, the director now owns 5,800 shares in the company, valued at approximately $70,586. This trade represents a 107.14 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 bought at an average cost of $12.17 per share, with a total value of $34,076.00.

FitLife Brands Stock Up 13.1 %

Shares of NASDAQ FTLF opened at $13.34 on Friday. FitLife Brands, Inc. has a 12-month low of $9.83 and a 12-month high of $17.75. The stock has a market cap of $122.98 million, a P/E ratio of 15.79 and a beta of 0.80. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28. The business’s fifty day simple moving average is $13.53 and its 200-day simple moving average is $15.18.

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

Wall Street Analyst Weigh In

Separately, Lake Street Capital started coverage on FitLife Brands in a research report on Monday, March 17th. They issued a “buy” rating and a $21.00 target price on the stock.

Hedge Funds Weigh In On FitLife Brands

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC purchased a new stake in FitLife Brands during the 3rd quarter worth about $91,000. Bard Associates Inc. acquired a new stake in shares of FitLife Brands during the 4th quarter worth about $211,000. 683 Capital Management LLC acquired a new position in FitLife Brands in the fourth quarter valued at approximately $384,000. Northern Trust Corp purchased a new position in FitLife Brands in the fourth quarter valued at approximately $409,000. Finally, Geode Capital Management LLC raised its holdings in FitLife Brands by 5.4% during the third quarter. Geode Capital Management LLC now owns 22,157 shares of the company’s stock worth $726,000 after purchasing an additional 1,144 shares in the last quarter. Institutional investors and hedge funds own 2.32% of the company’s stock.

FitLife Brands Company Profile

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.