FitLife Brands (NASDAQ:FTLF) Stock Price Down 0.5% - What's Next?

FitLife Brands Inc. (NASDAQ:FTLF - Get Free Report) shares traded down 0.5% during trading on Wednesday . The company traded as low as $13.00 and last traded at $13.43. 14,068 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 18,736 shares. The stock had previously closed at $13.50.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FTLF shares. Lake Street Capital began coverage on FitLife Brands in a report on Monday, March 17th. They issued a "buy" rating and a $21.00 price objective for the company. Wall Street Zen downgraded FitLife Brands from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

FitLife Brands Price Performance

The firm's 50-day moving average is $14.12 and its 200-day moving average is $14.29. The company has a market capitalization of $122.26 million, a PE ratio of 15.50 and a beta of 0.76. The company has a quick ratio of 0.72, a current ratio of 1.64 and a debt-to-equity ratio of 0.19.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). FitLife Brands had a return on equity of 25.59% and a net margin of 13.85%. Equities analysts predict that FitLife Brands Inc. will post 0.94 earnings per share for the current fiscal year.

Insider Buying and Selling at FitLife Brands

In other news, Director Matthew Lingenbrink purchased 3,000 shares of FitLife Brands stock in a transaction that occurred on Monday, April 14th. The stock was bought at an average price of $12.17 per share, with a total value of $36,510.00. Following the completion of the transaction, the director directly owned 5,800 shares of the company's stock, valued at approximately $70,586. The trade was a 107.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 61.40% of the company's stock.

Institutional Investors Weigh In On FitLife Brands

Several institutional investors and hedge funds have recently made changes to their positions in FTLF. Bard Associates Inc. boosted its stake in shares of FitLife Brands by 239.5% during the 1st 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 last quarter. 683 Capital Management LLC purchased a new position in shares of FitLife Brands during the 4th quarter valued at $384,000. Northern Trust Corp purchased a new position in shares of FitLife Brands during the 4th quarter valued at $409,000. Geode Capital Management LLC lifted its stake in shares of FitLife Brands by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock valued at $757,000 after buying an additional 1,045 shares in the last quarter. Finally, Mink Brook Asset Management LLC increased its holdings in FitLife Brands by 100.0% in the 1st quarter. Mink Brook Asset Management LLC now owns 76,766 shares of the company's stock valued at $929,000 after acquiring an additional 38,383 shares during the last quarter. 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.