Matthew Lingenbrink Acquires 3,000 Shares of FitLife Brands (NASDAQ:FTLF) Stock

FitLife Brands Inc. (NASDAQ:FTLF) Director Matthew Lingenbrink acquired 3,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was acquired at an average price of $9.76 per share, for a total transaction of $29,280.00. Following the completion of the purchase, the director directly owned 8,800 shares of the company’s stock, valued at $85,888. This trade represents a 51.72% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

FitLife Brands Stock Performance

Shares of FitLife Brands stock traded up $0.39 during trading on Tuesday, reaching $9.27. The company’s stock had a trading volume of 106,756 shares, compared to its average volume of 21,362. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.54 and a current ratio of 1.53. The business’s fifty day moving average price is $13.72 and its 200-day moving average price is $16.34. The firm has a market cap of $87.05 million, a price-to-earnings ratio of 14.62 and a beta of 0.37. FitLife Brands Inc. has a one year low of $8.67 and a one year high of $20.98.

Hedge Funds Weigh In On FitLife Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTLF. Geode Capital Management LLC increased its stake in FitLife Brands by 101.4% during the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock valued at $1,182,000 after acquiring an additional 45,690 shares during the period. Stifel Financial Corp bought a new position in FitLife Brands during the fourth quarter valued at about $657,000. UBS Group AG increased its stake in FitLife Brands by 592.7% during the third quarter. UBS Group AG now owns 35,531 shares of the company’s stock valued at $707,000 after acquiring an additional 30,402 shares during the period. Townsend & Associates Inc bought a new position in FitLife Brands during the fourth quarter valued at about $260,000. Finally, O Shaughnessy Asset Management LLC bought a new position in FitLife Brands during the fourth quarter valued at about $263,000. 2.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.