Insider Buying: FitLife Brands (NASDAQ:FTLF) Director Acquires 1,000 Shares of Stock

Key Points

• Director purchase: FitLife Brands Director Shannon Pappas bought 1,000 shares at an average price of $10.25, investing $10,250 and establishing a 1,000-share position.
• Financial performance: The company reported quarterly EPS of $0.20, beating analysts’ $0.18 estimate, on revenue of $26.55 million. Analysts project full-year EPS of $0.87.
• Market view: Shares opened at $10.09, well below the 12-month high of $20.98. Analysts have a consensus “Hold” rating and an $18.00 price target, while institutional investors own 2.32% of the stock.

FitLife Brands Inc. (NASDAQ:FTLF - Get Free Report) Director Shannon Pappas purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average cost of $10.25 per share, for a total transaction of $10,250.00. Following the completion of the transaction, the director owned 1,000 shares of the company's stock, valued at $10,250. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

FitLife Brands Price Performance

Shares of FitLife Brands stock opened at $10.09 on Friday. FitLife Brands Inc. has a twelve month low of $8.67 and a twelve month high of $20.98. The company has a quick ratio of 0.45, a current ratio of 1.46 and a debt-to-equity ratio of 0.67. The company has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $11.54. The stock has a market capitalization of $94.76 million, a price-to-earnings ratio of 16.17 and a beta of 0.01.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. FitLife Brands had a net margin of 6.15% and a return on equity of 18.10%. The firm had revenue of $26.55 million for the quarter. Analysts forecast that FitLife Brands Inc. will post 0.87 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on FTLF shares. Zacks Research raised FitLife Brands from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 14th. Weiss Ratings cut FitLife Brands from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, FitLife Brands currently has an average rating of "Hold" and a consensus price target of $18.00.

Institutional Investors Weigh In On FitLife Brands

A number of large investors have recently bought and sold shares of FTLF. Geode Capital Management LLC raised its position in shares of FitLife Brands by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 92,689 shares of the company's stock valued at $1,508,000 after buying an additional 991 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of FitLife Brands during the 4th quarter worth approximately $657,000. UBS Group AG boosted its position in shares of FitLife Brands by 592.7% during the 3rd quarter. UBS Group AG now owns 35,531 shares of the company's stock worth $707,000 after acquiring an additional 30,402 shares in the last quarter. Bard Associates Inc. boosted its position in shares of FitLife Brands by 5.3% during the 4th quarter. Bard Associates Inc. now owns 17,594 shares of the company's stock worth $286,000 after acquiring an additional 893 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in FitLife Brands in the fourth quarter valued at approximately $263,000. 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.

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