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

FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report) Director Matthew Lingenbrink purchased 3,000 shares of the business's stock in a transaction dated Monday, April 14th. The shares were purchased at an average cost of $12.17 per share, with a total value of $36,510.00. Following the purchase, the director now directly owns 5,800 shares in the company, valued at approximately $70,586. The trade was a 107.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Matthew Lingenbrink also recently made the following trade(s):

• On Monday, March 31st, Matthew Lingenbrink purchased 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 FTLF traded up $1.54 during midday trading on Friday, reaching $13.34. 36,457 shares of the company were exchanged, compared to its average volume of 17,395. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28. FitLife Brands, Inc. has a 1-year low of $9.83 and a 1-year high of $17.75. The company has a market cap of $122.98 million, a price-to-earnings ratio of 15.79 and a beta of 0.80. The stock has a 50-day moving average price of $13.49 and a 200-day moving average price of $15.16.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last released its quarterly 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%. Research analysts expect that FitLife Brands, Inc. will post 0.94 earnings per share for the current year.

Institutional Trading of FitLife Brands

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

Analyst Ratings Changes

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