Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) Director Sells 8,200 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) Director Jason Scott Scher sold 8,200 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $24.22, for a total value of $198,604.00. Following the transaction, the director owned 16,367 shares in the company, valued at approximately $396,408.74. This represents a 33.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Jason Scott Scher also recently made the following trade(s):

• On Friday, June 27th, Jason Scott Scher sold 16,366 shares of Lifeway Foods stock. The stock was sold at an average price of $24.24, for a total transaction of $396,711.84.

Lifeway Foods Price Performance

Lifeway Foods stock traded down $0.06 during midday trading on Monday, reaching $24.65. The company's stock had a trading volume of 42,505 shares, compared to its average volume of 91,818. Lifeway Foods, Inc. has a 52-week low of $10.06 and a 52-week high of $27.29. The stock has a market capitalization of $374.68 million, a P/E ratio of 37.35 and a beta of 0.75. The stock's 50-day simple moving average is $23.63 and its 200-day simple moving average is $23.13.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The company had revenue of $46.09 million during the quarter, compared to analysts' expectations of $48.50 million. Lifeway Foods had a net margin of 5.39% and a return on equity of 14.20%.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of Lifeway Foods in a research report on Saturday, May 17th. They set a "hold" rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LWAY. Wells Fargo & Company MN grew its holdings in shares of Lifeway Foods by 33.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock valued at $71,000 after buying an additional 718 shares during the last quarter. Deutsche Bank AG purchased a new position in Lifeway Foods in the 1st quarter worth $78,000. Strs Ohio acquired a new stake in Lifeway Foods during the 1st quarter worth about $90,000. Rhumbline Advisers grew its stake in Lifeway Foods by 23.3% during the 4th quarter. Rhumbline Advisers now owns 5,606 shares of the company's stock valued at $139,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Barclays PLC grew its stake in Lifeway Foods by 11.0% during the 4th quarter. Barclays PLC now owns 7,127 shares of the company's stock valued at $176,000 after purchasing an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

Lifeway Foods Company Profile

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.

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