Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Ludmila Smolyansky Sells 2,193 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 2,193 shares of Lifeway Foods stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $20.50, for a total transaction of $44,956.50. Following the sale, the insider now directly owns 1,300,341 shares in the company, valued at approximately $26,656,990.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• 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 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 value 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 stock was sold at an average price of $18.71, for a total transaction 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 transaction 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 shares were 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 stock was sold at an average price of $11.61, for a total value of $264,092.67.
• On Tuesday, February 6th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $11.84, for a total value of $118,400.00.
• On Wednesday, January 24th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The stock was sold at an average price of $13.44, for a total value of $67,200.00.

Lifeway Foods Stock Down 2.2 %

Shares of Lifeway Foods stock opened at $19.99 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.30 and a debt-to-equity ratio of 0.02. Lifeway Foods, Inc. has a twelve month low of $5.61 and a twelve month high of $23.31. The company has a market cap of $293.65 million, a price-to-earnings ratio of 26.30 and a beta of 1.33. The company’s 50 day moving average is $14.34 and its 200 day moving average is $13.39.

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

Hedge Funds Weigh In On Lifeway Foods

Institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC grew its position in Lifeway Foods by 2.2% during the first quarter. Renaissance Technologies LLC now owns 383,982 shares of the company’s stock valued at $2,319,000 after buying an additional 8,200 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Lifeway Foods by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 317,479 shares of the company’s stock worth $4,257,000 after acquiring an additional 21,732 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Lifeway Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 260,569 shares of the company’s stock valued at $3,494,000 after acquiring an additional 2,211 shares during the period. Hillsdale Investment Management Inc. increased its stake in shares of Lifeway Foods by 15.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 235,097 shares of the company’s stock worth $3,153,000 after purchasing an additional 31,813 shares in the last quarter. Finally, EAM Investors LLC bought a new position in Lifeway Foods in the 3rd quarter worth $1,353,000. Institutional investors own 36.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LWAY shares. Lake Street Capital initiated coverage on Lifeway Foods in a research report on Friday, April 5th. They issued a “buy” rating and a $25.00 price target for the company. StockNews.com lowered shares of Lifeway Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 6th. Finally, Noble Financial reissued a “market perform” rating on shares of Lifeway Foods in a report on Wednesday, March 27th.

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.