Mink Brook Asset Management LLC Acquires 38,383 Shares of FitLife Brands Inc. $FTLF

Key Points

• Mink Brook Asset Management LLC has increased its stake in FitLife Brands Inc. to $929,000, owning 76,766 shares after acquiring an additional 38,383 shares, making it the firm's 17th largest holding.
• Several institutions have also invested in FitLife Brands, with Geode Capital Management increasing its holdings by 4.7%, bringing their total to $757,000.
• FitLife Brands' stock has received mixed ratings from analysts, with Roth Capital raising the target price to $25.00 while Wall Street Zen lowered its rating from "buy" to "hold".

Mink Brook Asset Management LLC grew its holdings in FitLife Brands Inc. (NASDAQ:FTLF - Free Report) by 100.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,766 shares of the company's stock after acquiring an additional 38,383 shares during the period. FitLife Brands comprises about 1.0% of Mink Brook Asset Management LLC's investment portfolio, making the stock its 17th biggest position. Mink Brook Asset Management LLC owned about 0.82% of FitLife Brands worth $929,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FTLF. Bard Associates Inc. lifted its position in shares of FitLife Brands by 239.5% in the first quarter. Bard Associates Inc. now owns 21,979 shares of the company's stock valued at $266,000 after acquiring an additional 15,506 shares in the last quarter. Northern Trust Corp purchased a new position in shares of FitLife Brands in the fourth quarter valued at about $409,000. 683 Capital Management LLC purchased a new position in shares of FitLife Brands in the fourth quarter valued at about $384,000. Finally, Geode Capital Management LLC lifted its position in shares of FitLife Brands by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock valued at $757,000 after acquiring an additional 1,045 shares in the last quarter. 2.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FTLF. Wall Street Zen downgraded FitLife Brands from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Roth Capital boosted their target price on FitLife Brands from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, August 15th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $22.00.

FitLife Brands Trading Down 0.4%

FTLF stock traded down $0.08 during midday trading on Friday, reaching $18.60. 8,752 shares of the company traded hands, compared to its average volume of 20,071. FitLife Brands Inc. has a 52-week low of $9.83 and a 52-week high of $18.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.71. The business has a 50 day moving average of $14.40 and a 200-day moving average of $14.12. The firm has a market capitalization of $174.67 million, a price-to-earnings ratio of 22.14 and a beta of 0.79.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.18. FitLife Brands had a return on equity of 21.70% and a net margin of 12.63%.The business had revenue of $16.13 million for the quarter, compared to the consensus estimate of $16.17 million. As a group, sell-side analysts expect that FitLife Brands Inc. will post 0.94 earnings per share for the current fiscal year.

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.