Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $235,100.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 10,000 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $23.51, for a total value of $235,100.00. Following the sale, the insider now owns 955,823 shares in the company, valued at $22,471,398.73. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, April 14th, Ludmila Smolyansky sold 8,376 shares of Lifeway Foods stock. The stock was sold at an average price of $23.62, for a total transaction of $197,841.12.
• On Tuesday, February 11th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $21.31, for a total transaction of $213,100.00.
• On Friday, January 17th, Ludmila Smolyansky sold 12,034 shares of Lifeway Foods stock. The stock was sold at an average price of $22.55, for a total transaction of $271,366.70.
• On Wednesday, January 15th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $22.67, for a total value of $226,700.00.

Lifeway Foods Trading Down 0.3 %

NASDAQ LWAY opened at $23.89 on Thursday. The company has a market capitalization of $363.20 million, a PE ratio of 27.78 and a beta of 0.93. Lifeway Foods, Inc. has a 12 month low of $10.06 and a 12 month high of $28.61. The stock has a 50-day simple moving average of $22.59 and a 200 day simple moving average of $23.77.

Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings data on Friday, March 14th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $48.00 million.

Institutional Trading of Lifeway Foods

A number of large investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in Lifeway Foods by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 436,371 shares of the company’s stock worth $10,822,000 after acquiring an additional 6,189 shares in the last quarter. Beryl Capital Management LLC bought a new position in shares of Lifeway Foods during the 4th quarter valued at about $3,607,000. TIG Advisors LLC acquired a new position in shares of Lifeway Foods in the 4th quarter valued at approximately $3,512,000. Gamco Investors INC. ET AL increased its stake in Lifeway Foods by 0.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 120,350 shares of the company’s stock worth $2,985,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Divisadero Street Capital Management LP acquired a new stake in Lifeway Foods during the 4th quarter worth approximately $2,925,000. Institutional investors own 36.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Lifeway Foods in a research note on Tuesday. They set a “hold” rating for the company.

About Lifeway Foods

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.