Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells 30,000 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Ludmila Smolyansky sold 30,000 shares of Lifeway Foods stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $22.24, for a total value of $667,200.00. Following the completion of the transaction, the insider now owns 995,549 shares of the company's stock, valued at approximately $22,141,009.76. This represents a 2.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, January 6th, Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock. The shares were sold at an average price of $23.49, for a total value of $1,057,050.00.
• On Friday, January 3rd, Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock. The shares were sold at an average price of $24.12, for a total value of $361,800.00.

Lifeway Foods Trading Up 1.3 %

Shares of NASDAQ LWAY traded up $0.29 during trading hours on Wednesday, reaching $22.70. The stock had a trading volume of 58,809 shares, compared to its average volume of 75,063. The firm has a market cap of $336.32 million, a price-to-earnings ratio of 26.40 and a beta of 1.02. The business's fifty day moving average price is $23.90 and its two-hundred day moving average price is $20.99. Lifeway Foods, Inc. has a 52-week low of $9.93 and a 52-week high of $28.61.

Wall Street Analyst Weigh In

LWAY has been the subject of several recent analyst reports. Noble Financial lowered Lifeway Foods from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. StockNews.com assumed coverage on Lifeway Foods in a research report on Thursday, January 9th. They set a "hold" rating for the company.

Institutional Trading of Lifeway Foods

Large investors have recently modified their holdings of the company. Covestor Ltd purchased a new stake in shares of Lifeway Foods in the third quarter valued at approximately $50,000. Rhumbline Advisers raised its stake in Lifeway Foods by 2,334.0% in the second quarter. Rhumbline Advisers now owns 4,868 shares of the company's stock worth $62,000 after buying an additional 4,668 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Lifeway Foods by 71.2% in the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company's stock worth $72,000 after buying an additional 1,155 shares in the last quarter. Quest Partners LLC bought a new position in Lifeway Foods in the second quarter worth approximately $82,000. Finally, Barclays PLC raised its stake in Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company's stock worth $167,000 after buying an additional 1,849 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

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.

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