Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells 8,376 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 8,376 shares of Lifeway Foods stock in a transaction on Monday, April 14th. The stock was sold at an average price of $23.62, for a total transaction of $197,841.12. Following the completion of the transaction, the insider now owns 932,447 shares in the company, valued at $22,024,398.14. This trade represents a 0.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Thursday, April 10th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $23.51, for a total value of $235,100.00.
• On Tuesday, February 11th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $21.31, for a total value of $213,100.00.
• On Friday, January 17th, Ludmila Smolyansky sold 12,034 shares of Lifeway Foods stock. The shares were sold at an average price of $22.55, for a total value of $271,366.70.

Lifeway Foods Stock Performance

Shares of LWAY opened at $23.72 on Friday. The company has a 50-day simple moving average of $22.64 and a 200-day simple moving average of $23.75. Lifeway Foods, Inc. has a 52 week low of $10.06 and a 52 week high of $28.61. The firm has a market capitalization of $360.62 million, a P/E ratio of 27.58 and a beta of 0.93.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of Lifeway Foods by 71.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after buying an additional 1,155 shares in the last quarter. State Street Corp raised its position in Lifeway Foods by 28.9% in the third quarter. State Street Corp now owns 53,683 shares of the company’s stock worth $1,391,000 after purchasing an additional 12,020 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Lifeway Foods by 451.4% during the third quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company’s stock worth $274,000 after purchasing an additional 8,658 shares during the period. Geode Capital Management LLC boosted its holdings in Lifeway Foods by 1.8% during the third quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock valued at $3,006,000 after purchasing an additional 2,018 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Lifeway Foods by 40.5% in the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after purchasing an additional 1,849 shares during the period. 36.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Lifeway Foods in a research report on Tuesday. They issued a “hold” rating for the company.

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.