Matthew Lingenbrink Buys 2,800 Shares of FitLife Brands, Inc. (NASDAQ:FTLF) Stock

FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report) Director Matthew Lingenbrink purchased 2,800 shares of the firm's stock in a transaction dated Monday, March 31st. The stock was bought at an average cost of $12.17 per share, with a total value of $34,076.00. Following the purchase, the director now owns 2,800 shares of the company's stock, valued at approximately $34,076. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FitLife Brands Stock Down 2.9 %

Shares of FTLF traded down $0.31 on Monday, reaching $10.10. The company's stock had a trading volume of 31,521 shares, compared to its average volume of 17,210. FitLife Brands, Inc. has a twelve month low of $9.81 and a twelve month high of $17.75. The stock has a market capitalization of $93.07 million, a PE ratio of 11.95 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 firm has a fifty day moving average of $14.36 and a 200-day moving average of $15.52.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last announced its earnings results on Thursday, March 27th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). FitLife Brands had a net margin of 13.38% and a return on equity of 28.03%. Equities analysts predict that FitLife Brands, Inc. will post 0.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital began coverage on shares of FitLife Brands in a research report on Monday, March 17th. They set a "buy" rating and a $21.00 price objective for the company.

Institutional Trading of FitLife Brands

Several institutional investors and hedge funds have recently made changes to their positions in FTLF. Mink Brook Asset Management LLC bought a new stake in FitLife Brands in the 4th quarter worth about $1,251,000. 683 Capital Management LLC bought a new position in shares of FitLife Brands in the fourth quarter valued at approximately $384,000. Northern Trust Corp purchased a new stake in shares of FitLife Brands during the fourth quarter valued at approximately $409,000. Geode Capital Management LLC lifted its holdings in FitLife Brands by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock worth $757,000 after acquiring an additional 1,045 shares during the period. Finally, Bard Associates Inc. purchased a new position in FitLife Brands in the fourth quarter worth $211,000. Hedge funds and other institutional investors 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.