FitLife Brands Inc. $FTLF Stake Boosted by Mink Brook Asset Management LLC

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 stake in shares of FitLife Brands Inc. (NASDAQ:FTLF - Free Report) by 100.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,766 shares of the company's stock after purchasing an additional 38,383 shares during the quarter. FitLife Brands makes up 1.0% of Mink Brook Asset Management LLC's portfolio, making the stock its 17th largest holding. Mink Brook Asset Management LLC owned about 0.82% of FitLife Brands worth $929,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. 683 Capital Management LLC bought a new position in shares of FitLife Brands during the fourth quarter valued at approximately $384,000. Northern Trust Corp bought a new position in shares of FitLife Brands during the fourth quarter valued at approximately $409,000. Bard Associates Inc. grew its holdings in shares of FitLife Brands by 239.5% during the first quarter. Bard Associates Inc. now owns 21,979 shares of the company's stock valued at $266,000 after purchasing an additional 15,506 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of FitLife Brands by 4.7% during the fourth quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock valued at $757,000 after purchasing an additional 1,045 shares during the last quarter. 2.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Roth Capital increased their price objective on FitLife Brands from $20.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, August 15th. Wall Street Zen lowered FitLife Brands from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $22.00.

FitLife Brands Price Performance

NASDAQ:FTLF traded up $0.31 during mid-day trading on Wednesday, reaching $18.74. 17,822 shares of the stock were exchanged, compared to its average volume of 22,921. The business has a fifty day moving average price of $14.19 and a 200 day moving average price of $14.06. The firm has a market capitalization of $175.97 million, a PE ratio of 21.31 and a beta of 0.79. FitLife Brands Inc. has a 1-year low of $9.83 and a 1-year high of $18.93. The company has a current ratio of 1.71, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. The firm had revenue of $16.13 million for the quarter, compared to analyst estimates of $16.17 million. FitLife Brands had a return on equity of 21.70% and a net margin of 12.63%. Research analysts expect that FitLife Brands Inc. will post 0.94 earnings per share for the current fiscal year.

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.