Lifevantage (NASDAQ:LFVN) Stock Passes Below 200-Day Moving Average - Here's What Happened

Lifevantage Corporation (NASDAQ:LFVN - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.18 and traded as low as $12.55. Lifevantage shares last traded at $12.76, with a volume of 49,131 shares trading hands.

Lifevantage Trading Down 1.1%

The company has a 50 day moving average price of $12.69 and a 200 day moving average price of $16.11. The company has a market capitalization of $157.30 million, a P/E ratio of 18.07 and a beta of 0.43.

Lifevantage (NASDAQ:LFVN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.10. The firm had revenue of $58.44 million during the quarter, compared to analysts' expectations of $60.99 million. Lifevantage had a net margin of 4.12% and a return on equity of 34.67%.

Lifevantage Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.045 per share. The ex-dividend date was Friday, May 30th. This is an increase from Lifevantage's previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a yield of 1.44%. Lifevantage's dividend payout ratio (DPR) is 26.09%.

Institutional Investors Weigh In On Lifevantage

A number of institutional investors have recently made changes to their positions in the company. Capital Management Corp VA lifted its holdings in Lifevantage by 137.2% during the 1st quarter. Capital Management Corp VA now owns 715,503 shares of the company's stock worth $10,432,000 after purchasing an additional 413,918 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Lifevantage in the first quarter valued at about $6,701,000. Acadian Asset Management LLC boosted its position in shares of Lifevantage by 47.3% in the first quarter. Acadian Asset Management LLC now owns 291,700 shares of the company's stock valued at $4,248,000 after acquiring an additional 93,661 shares during the period. LPL Financial LLC grew its stake in shares of Lifevantage by 301.0% in the fourth quarter. LPL Financial LLC now owns 211,039 shares of the company's stock valued at $3,700,000 after acquiring an additional 158,405 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in Lifevantage by 83.5% during the fourth quarter. Susquehanna International Group LLP now owns 128,082 shares of the company's stock worth $2,245,000 after acquiring an additional 58,279 shares during the period. Institutional investors own 35.32% of the company's stock.

Lifevantage Company Profile

LifeVantage Corporation engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products. It offers Protandim, a dietary supplement; LifeVantage Omega+, a dietary supplement that combines DHA and EPA Omega-3 fatty acids, Omega-7 fatty acids, and vitamin D3; LifeVantage ProBio, a dietary supplement to support gut health; PhysIQ, a weight management system; LifeVantage IC Bright, a supplement to support eye and brain health, reduce eye fatigue and strain, supports cognitive functions, and support normal sleep patterns; Petandim for Dogs, a supplement to combat oxidative stress in dogs; and Axio, a nootropic energy drink mix.