FitLife Brands, Inc. (NASDAQ:FTLF) Director Matthew Lingenbrink Acquires 3,000 Shares

FitLife Brands, Inc. (NASDAQ:FTLF - Get Free Report) Director Matthew Lingenbrink acquired 3,000 shares of the company's stock in a transaction dated Monday, April 14th. The stock was acquired at an average cost of $12.17 per share, for a total transaction of $36,510.00. Following the completion of the acquisition, the director now directly owns 5,800 shares in the company, valued at approximately $70,586. The trade was a 107.14 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Matthew Lingenbrink also recently made the following trade(s):

• On Monday, March 31st, Matthew Lingenbrink purchased 2,800 shares of FitLife Brands stock. The stock was bought at an average cost of $12.17 per share, with a total value of $34,076.00.

FitLife Brands Price Performance

FitLife Brands stock traded up $0.06 during midday trading on Monday, reaching $13.40. The company had a trading volume of 8,884 shares, compared to its average volume of 17,325. FitLife Brands, Inc. has a 12-month low of $9.83 and a 12-month high of $17.75. The firm's fifty day simple moving average is $13.49 and its 200-day simple moving average is $15.14. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.50 and a quick ratio of 0.64. The company has a market capitalization of $123.53 million, a P/E ratio of 15.86 and a beta of 0.80.

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 net margin of 13.38% and a return on equity of 28.03%. As a group, equities analysts anticipate that FitLife Brands, Inc. will post 0.94 EPS for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On FitLife Brands

A number of institutional investors and hedge funds have recently bought and sold shares of FTLF. Barclays PLC acquired a new position in shares of FitLife Brands during the 3rd quarter worth approximately $91,000. Geode Capital Management LLC raised its position in shares of FitLife Brands by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 22,157 shares of the company's stock valued at $726,000 after buying an additional 1,144 shares during the period. Bard Associates Inc. acquired a new position in FitLife Brands in the fourth quarter valued at approximately $211,000. Northern Trust Corp purchased a new position in FitLife Brands in the fourth quarter worth approximately $409,000. Finally, 683 Capital Management LLC acquired a new position in shares of FitLife Brands in the 4th quarter valued at $384,000. 2.32% of the stock is currently owned by institutional investors and hedge funds.

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.