Matthew Lingenbrink Acquires 3,000 Shares of FitLife Brands (NASDAQ:FTLF) Stock

Key Points

• Director Matthew Lingenbrink bought 3,000 shares of FitLife Brands at an average price of $9.76 on April 10, increasing his stake to 8,800 shares (a 51.72% rise); the purchase was disclosed in an SEC filing.
• FTLF traded up about 4.4% to $9.27 on Tuesday with volume well above average, and the company has a market cap of roughly $87.1 million, a P/E of 14.62, and a 12‑month range of $8.67–$20.98.
• Analyst coverage is mixed (two Buys, one Hold, one Sell) with an average rating of "Hold" and a consensus price target of $21.50, while institutional ownership remains low at approximately 2.32% despite recent purchases by several funds.

FitLife Brands Inc. (NASDAQ:FTLF - Get Free Report) Director Matthew Lingenbrink bought 3,000 shares of the business's stock in a transaction on Friday, April 10th. The shares were bought at an average price of $9.76 per share, for a total transaction of $29,280.00. Following the completion of the acquisition, the director owned 8,800 shares of the company's stock, valued at approximately $85,888. This represents a 51.72% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

FitLife Brands Stock Up 4.4%

NASDAQ FTLF traded up $0.39 during trading on Tuesday, hitting $9.27. 106,756 shares of the company traded hands, compared to its average volume of 21,362. FitLife Brands Inc. has a 12 month low of $8.67 and a 12 month high of $20.98. The business has a fifty day simple moving average of $13.72 and a 200 day simple moving average of $16.34. The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $87.05 million, a P/E ratio of 14.62 and a beta of 0.37.

Wall Street Analysts Forecast Growth

FTLF has been the topic of several recent research reports. Weiss Ratings restated a "hold (c+)" rating on shares of FitLife Brands in a report on Monday, December 29th. Lake Street Capital cut their target price on FitLife Brands from $21.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, April 2nd. Finally, Zacks Research lowered FitLife Brands from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, FitLife Brands currently has an average rating of "Hold" and a consensus price target of $21.50.

Hedge Funds Weigh In On FitLife Brands

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers increased its stake in shares of FitLife Brands by 12.3% in the third quarter. Rhumbline Advisers now owns 5,870 shares of the company's stock worth $117,000 after purchasing an additional 642 shares during the period. New York State Common Retirement Fund bought a new position in shares of FitLife Brands in the second quarter worth about $103,000. JPMorgan Chase & Co. increased its stake in shares of FitLife Brands by 107.0% in the third quarter. JPMorgan Chase & Co. now owns 3,819 shares of the company's stock worth $76,000 after purchasing an additional 1,974 shares during the period. Wells Fargo & Company MN increased its stake in shares of FitLife Brands by 78.0% in the fourth quarter. Wells Fargo & Company MN now owns 4,271 shares of the company's stock worth $69,000 after purchasing an additional 1,871 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of FitLife Brands in the fourth quarter worth about $61,000. 2.32% of the stock is currently owned by institutional investors.

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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