FitLife Brands (NASDAQ:FTLF) Shares Up 1.3% - Still a Buy?

FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report) shares rose 1.3% during trading on Wednesday . The stock traded as high as $15.91 and last traded at $15.76. Approximately 8,885 shares changed hands during trading, a decline of 50% from the average daily volume of 17,820 shares. The stock had previously closed at $15.56.

Wall Street Analyst Weigh In

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

FitLife Brands Price Performance

The firm's 50-day moving average price is $13.42 and its 200-day moving average price is $15.01. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $149.11 million, a PE ratio of 18.80 and a beta of 0.90.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last announced its earnings results on Thursday, March 27th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). FitLife Brands had a net margin of 13.38% and a return on equity of 28.03%. On average, equities analysts forecast that FitLife Brands, Inc. will post 0.94 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Matthew Lingenbrink acquired 3,000 shares of FitLife Brands stock in a transaction that occurred on Monday, April 14th. The shares were bought at an average cost of $12.17 per share, with a total value of $36,510.00. Following the transaction, the director now directly owns 5,800 shares of the company's stock, valued at $70,586. This trade represents a 107.14% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 61.30% of the stock is currently owned by corporate insiders.

Institutional Trading of FitLife Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in FitLife Brands in the 3rd quarter worth about $91,000. Mink Brook Asset Management LLC purchased a new position in shares of FitLife Brands during the fourth quarter worth approximately $1,251,000. Bard Associates Inc. increased its position 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 worth $266,000 after acquiring an additional 15,506 shares during the period. Northern Trust Corp purchased a new position in shares of FitLife Brands during the fourth quarter worth approximately $409,000. Finally, 683 Capital Management LLC purchased a new position in shares of FitLife Brands during the fourth quarter worth approximately $384,000. 2.32% of the stock is owned by hedge funds and other institutional investors.

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.