38,383 Shares in FitLife Brands, Inc. (NASDAQ:FTLF) Acquired by Mink Brook Asset Management LLC

Mink Brook Asset Management LLC acquired a new stake in shares of FitLife Brands, Inc. (NASDAQ:FTLF - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 38,383 shares of the company's stock, valued at approximately $1,251,000. FitLife Brands comprises about 1.2% of Mink Brook Asset Management LLC's portfolio, making the stock its 16th biggest holding. Mink Brook Asset Management LLC owned approximately 0.83% of FitLife Brands at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC acquired a new stake in shares of FitLife Brands in the 3rd quarter worth about $91,000. Bard Associates Inc. bought a new position in FitLife Brands in the 4th quarter valued at about $211,000. 683 Capital Management LLC acquired a new position in shares of FitLife Brands in the 4th quarter worth approximately $384,000. Northern Trust Corp acquired a new position in shares of FitLife Brands in the 4th quarter worth approximately $409,000. Finally, Geode Capital Management LLC grew its stake in shares of FitLife Brands by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 23,202 shares of the company's stock worth $757,000 after purchasing an additional 1,045 shares during the last quarter. 2.32% of the stock is currently owned by institutional investors.

FitLife Brands Stock Down 5.7%

NASDAQ FTLF traded down $0.82 during trading on Friday, reaching $13.64. The company's stock had a trading volume of 30,155 shares, compared to its average volume of 18,266. The business has a 50-day moving average price of $13.46 and a 200-day moving average price of $14.99. The company has a current ratio of 1.50, a quick ratio of 0.64 and a debt-to-equity ratio of 0.28. FitLife Brands, Inc. has a 1-year low of $9.83 and a 1-year high of $17.75. The stock has a market capitalization of $128.00 million, a PE ratio of 16.14 and a beta of 0.90.

FitLife Brands (NASDAQ:FTLF - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). FitLife Brands had a return on equity of 28.03% and a net margin of 13.38%. On average, research analysts forecast that FitLife Brands, Inc. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity

In other FitLife Brands news, Director Matthew Lingenbrink bought 2,800 shares of the business's stock in a transaction on Monday, March 31st. The shares were bought at an average cost of $12.17 per share, for a total transaction of $34,076.00. Following the transaction, the director now owns 2,800 shares in the company, valued at approximately $34,076. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 61.30% of the stock is owned by corporate insiders.

FitLife Brands Profile

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.