FitLife Brands (NASDAQ:FTLF) Director Buys $10,250.00 in Stock

FitLife Brands Inc. (NASDAQ:FTLF) Director Shannon Pappas purchased 1,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was acquired at an average cost of $10.25 per share, with a total value of $10,250.00. Following the completion of the purchase, the director directly owned 1,000 shares of the company’s stock, valued at $10,250. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

FitLife Brands Stock Performance

NASDAQ FTLF opened at $10.02 on Monday. The company has a 50-day simple moving average of $10.67 and a two-hundred day simple moving average of $11.50. FitLife Brands Inc. has a 12-month low of $8.67 and a 12-month high of $20.98. The firm has a market cap of $94.09 million, a price-to-earnings ratio of 16.06 and a beta of 0.01. The company has a quick ratio of 0.45, a current ratio of 1.46 and a debt-to-equity ratio of 0.67.

FitLife Brands (NASDAQ:FTLF) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The firm had revenue of $26.55 million for the quarter. FitLife Brands had a return on equity of 18.10% and a net margin of 6.15%. On average, equities analysts forecast that FitLife Brands Inc. will post 0.87 EPS for the current year.

Institutional Trading of FitLife Brands

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in FitLife Brands by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 92,689 shares of the company’s stock valued at $1,508,000 after purchasing an additional 991 shares during the period. Stifel Financial Corp purchased a new stake in FitLife Brands in the 4th quarter worth approximately $657,000. UBS Group AG lifted its holdings in FitLife Brands by 592.7% in the 3rd quarter. UBS Group AG now owns 35,531 shares of the company’s stock worth $707,000 after buying an additional 30,402 shares during the period. Bard Associates Inc. grew its position in shares of FitLife Brands by 5.3% in the 4th quarter. Bard Associates Inc. now owns 17,594 shares of the company’s stock worth $286,000 after buying an additional 893 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of FitLife Brands in the 4th quarter worth approximately $263,000. 2.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

FTLF has been the subject of a number of analyst reports. Zacks Research raised FitLife Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.

About FitLife Brands

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.