FitLife Brands (NASDAQ:FTLF) Director Buys $29,940.00 in Stock

FitLife Brands Inc. (NASDAQ:FTLF) Director Grant Robert Dawson bought 3,000 shares of FitLife Brands stock in a transaction on Friday, April 10th. The shares were acquired at an average price of $9.98 per share, for a total transaction of $29,940.00. Following the completion of the acquisition, the director owned 158,000 shares in the company, valued at $1,576,840. This represents a 1.94% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FitLife Brands Price Performance

FitLife Brands stock opened at $9.25 on Friday. The firm has a market cap of $86.86 million, a PE ratio of 14.59 and a beta of 0.37. FitLife Brands Inc. has a 52-week low of $8.67 and a 52-week high of $20.98. The company has a quick ratio of 0.54, a current ratio of 1.53 and a debt-to-equity ratio of 0.88. The company’s 50 day moving average is $13.33 and its two-hundred day moving average is $16.17.

Wall Street Analyst Weigh In

FTLF has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of FitLife Brands in a report on Monday, December 29th. Zacks Research lowered shares of FitLife Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Finally, Lake Street Capital reduced their price objective on shares of FitLife Brands from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $21.50.

Institutional Investors Weigh In On FitLife Brands

A number of hedge funds and other institutional investors have recently modified their holdings of FTLF. Bank of America Corp DE grew its position in shares of FitLife Brands by 6,524.2% in the 2nd quarter. Bank of America Corp DE now owns 2,186 shares of the company’s stock valued at $28,000 after buying an additional 2,153 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of FitLife Brands in the 2nd quarter valued at $28,000. Osaic Holdings Inc. grew its position in shares of FitLife Brands by 119.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock valued at $57,000 after buying an additional 2,400 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of FitLife Brands by 107.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,478 shares of the company’s stock valued at $57,000 after buying an additional 1,803 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of FitLife Brands in the 4th quarter valued at $61,000. 2.32% of the stock is currently owned by institutional investors and hedge funds.

FitLife Brands Company Profile

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.