Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells 20,000 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Edward Smolyansky sold 20,000 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $23.23, for a total value of $464,600.00. Following the sale, the insider now owns 1,251,642 shares of the company's stock, valued at $29,075,643.66. This trade represents a 1.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Lifeway Foods Stock Performance

NASDAQ:LWAY traded up $0.16 during trading on Friday, reaching $23.85. The company's stock had a trading volume of 92,765 shares, compared to its average volume of 137,371. The firm has a market cap of $362.59 million, a price-to-earnings ratio of 27.73 and a beta of 1.00. The firm has a 50 day moving average of $22.12 and a 200-day moving average of $23.57. Lifeway Foods, Inc. has a 12 month low of $10.06 and a 12 month high of $28.61.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.19). Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%. The business had revenue of $46.93 million during the quarter, compared to the consensus estimate of $48.00 million.

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Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Sagefield Capital LP purchased a new position in shares of Lifeway Foods during the 4th quarter valued at $211,000. Lazard Asset Management LLC lifted its position in shares of Lifeway Foods by 12.1% during the 4th quarter. Lazard Asset Management LLC now owns 14,826 shares of the company's stock valued at $367,000 after buying an additional 1,605 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Lifeway Foods during the 4th quarter valued at $221,000. Divisadero Street Capital Management LP purchased a new position in shares of Lifeway Foods during the 4th quarter valued at $2,925,000. Finally, Beryl Capital Management LLC purchased a new position in shares of Lifeway Foods during the 4th quarter valued at $3,607,000. Hedge funds and other institutional investors own 36.39% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Lifeway Foods in a research note on Saturday. They issued a "hold" rating for the company.

About Lifeway Foods

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.