Insider Selling: Lifeway Foods, Inc. (LWAY) Insider Sells 2,000 Shares of Stock
Lifeway Foods, Inc. (NASDAQ:LWAY) insider Julie Smolyansky sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $8.59, for a total value of $17,180.00. Following the transaction, the insider now directly owns 497,262 shares in the company, valued at $4,271,480.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) traded up $0.03 during mid-day trading on Thursday, reaching $8.63. The company’s stock had a trading volume of 29,999 shares, compared to its average volume of 14,300. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.46 and a current ratio of 2.06. Lifeway Foods, Inc. has a 12 month low of $7.20 and a 12 month high of $12.09. The firm has a market cap of $139.57, a price-to-earnings ratio of 72.58 and a beta of 0.66.
A number of hedge funds have recently modified their holdings of LWAY. TIAA CREF Investment Management LLC increased its position in Lifeway Foods by 12.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 17,263 shares of the company’s stock worth $185,000 after purchasing an additional 1,859 shares during the last quarter. Algert Global LLC acquired a new position in Lifeway Foods in the 3rd quarter worth about $481,000. Northern Trust Corp increased its position in Lifeway Foods by 1.3% in the 2nd quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock worth $582,000 after purchasing an additional 819 shares during the last quarter. State Street Corp increased its position in Lifeway Foods by 5.1% in the 2nd quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after purchasing an additional 4,203 shares during the last quarter. Finally, Teton Advisors Inc. increased its position in Lifeway Foods by 7.4% in the 2nd quarter. Teton Advisors Inc. now owns 166,819 shares of the company’s stock worth $1,558,000 after purchasing an additional 11,519 shares during the last quarter. 16.47% of the stock is currently owned by institutional investors.
Lifeway Foods Company Profile
Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged in the sale of fermented dairy products, which are produced and are sold to consumers through a network of distributors and retailers in the United States.
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