FitLife Brands (NASDAQ:FTLF) Trading Up 1.3% - Time to Buy?

FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report)'s stock price rose 1.3% 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.

Analyst Ratings Changes

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

FitLife Brands Stock Up 3.1%

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

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

Insider Activity at FitLife Brands

In other news, Director Matthew Lingenbrink acquired 3,000 shares of the firm's stock in a transaction on Monday, April 14th. The stock was acquired at an average price of $12.17 per share, for a total transaction of $36,510.00. Following the completion of the transaction, the director now owns 5,800 shares in the company, valued at approximately $70,586. The trade was a 107.14% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 61.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Mink Brook Asset Management LLC acquired a new position in shares of FitLife Brands in the fourth quarter worth about $1,251,000. Geode Capital Management LLC raised its position 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 worth $757,000 after purchasing an additional 1,045 shares during the last quarter. Bard Associates Inc. raised its position 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 purchasing an additional 15,506 shares during the last quarter. Northern Trust Corp acquired a new position in shares of FitLife Brands during the 4th quarter worth about $409,000. Finally, 683 Capital Management LLC acquired a new position in shares of FitLife Brands during the 4th quarter worth about $384,000. Institutional investors and hedge funds own 2.32% of the company's stock.

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.