JB Capital Partners LP grew its holdings in shares of Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) by 32.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,248,121 shares of the company's stock after acquiring an additional 307,307 shares during the period. Lifetime Brands comprises about 1.4% of JB Capital Partners LP's investment portfolio, making the stock its 14th biggest holding. JB Capital Partners LP owned approximately 5.63% of Lifetime Brands worth $7,376,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Martin & Co. Inc. TN grew its stake in Lifetime Brands by 41.2% during the 4th quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company's stock valued at $1,962,000 after purchasing an additional 96,816 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Lifetime Brands by 744.1% during the fourth quarter. JPMorgan Chase & Co. now owns 45,589 shares of the company's stock worth $269,000 after buying an additional 40,188 shares in the last quarter. Hohimer Wealth Management LLC bought a new stake in shares of Lifetime Brands in the third quarter worth $133,000. Quadrature Capital Ltd acquired a new stake in Lifetime Brands in the third quarter valued at $128,000. Finally, Pacific Ridge Capital Partners LLC raised its holdings in Lifetime Brands by 3.3% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 554,805 shares of the company's stock valued at $3,279,000 after acquiring an additional 17,698 shares in the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Lifetime Brands from a "hold" rating to a "buy" rating in a research report on Tuesday, March 18th. DA Davidson cut their price objective on Lifetime Brands from $6.75 to $6.00 and set a "neutral" rating on the stock in a research note on Thursday, March 20th.
Get Our Latest Analysis on LCUT
Lifetime Brands Stock Performance
Shares of Lifetime Brands stock traded down $0.02 during trading hours on Wednesday, reaching $4.11. The company's stock had a trading volume of 10,526 shares, compared to its average volume of 66,412. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The company's 50 day simple moving average is $5.12 and its 200 day simple moving average is $5.71. Lifetime Brands, Inc. has a one year low of $2.32 and a one year high of $11.68. The stock has a market cap of $91.09 million, a P/E ratio of -4.07, a price-to-earnings-growth ratio of 0.48 and a beta of 1.38.
Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The business had revenue of $215.21 million for the quarter, compared to the consensus estimate of $206.60 million. As a group, analysts expect that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.
Lifetime Brands Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be paid a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, May 1st. Lifetime Brands's payout ratio is -23.94%.
About Lifetime Brands
(
Free Report)
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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