FitLife Brands (NASDAQ:FTLF) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of FitLife Brands (NASDAQ:FTLF - Free Report) from a buy rating to a hold rating in a research report released on Thursday morning.

Separately, Lake Street Capital started coverage on FitLife Brands in a research report on Monday, March 17th. They set a "buy" rating and a $21.00 price target for the company.

FitLife Brands Stock Down 0.8%

Shares of FTLF stock traded down $0.12 on Thursday, hitting $14.47. The stock had a trading volume of 12,071 shares, compared to its average volume of 18,264. The business has a 50 day moving average of $13.51 and a 200 day moving average of $14.90. The stock has a market cap of $135.84 million, a price-to-earnings ratio of 17.12 and a beta of 0.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.50 and a quick ratio of 0.64. FitLife Brands has a 12-month low of $9.83 and a 12-month high of $17.75.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). FitLife Brands had a return on equity of 28.03% and a net margin of 13.38%. As a group, analysts expect that FitLife Brands will post 0.94 EPS for the current year.

Insider Buying and Selling

In related news, Director Matthew Lingenbrink purchased 3,000 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was bought at an average price of $12.17 per share, for a total transaction of $36,510.00. Following the purchase, the director now directly owns 5,800 shares in the company, valued at approximately $70,586. This trade represents a 107.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 61.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FitLife Brands

Several institutional investors have recently bought and sold shares of the company. Barclays PLC purchased a new stake in FitLife Brands in the third quarter worth $91,000. Mink Brook Asset Management LLC bought a new stake in FitLife Brands in the 4th quarter valued at about $1,251,000. Bard Associates Inc. lifted its holdings in 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. Northern Trust Corp bought a new position in FitLife Brands during the fourth quarter worth about $409,000. Finally, 683 Capital Management LLC purchased a new position in shares of FitLife Brands in the fourth quarter worth about $384,000. Hedge funds and other institutional investors own 2.32% of the company's stock.

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.