Mink Brook Asset Management LLC Buys Shares of 38,383 FitLife Brands, Inc. (NASDAQ:FTLF)

Mink Brook Asset Management LLC purchased a new stake in shares of FitLife Brands, Inc. (NASDAQ:FTLF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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 investment portfolio, making the stock its 16th biggest holding. Mink Brook Asset Management LLC owned approximately 0.83% of FitLife Brands as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in FitLife Brands during the third quarter valued at $91,000. Northern Trust Corp bought a new stake in FitLife Brands during the fourth quarter worth approximately $409,000. 683 Capital Management LLC purchased a new stake in FitLife Brands during the fourth quarter valued at approximately $384,000. Geode Capital Management LLC lifted 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 valued at $757,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Bard Associates Inc. purchased a new position in shares of FitLife Brands in the 4th quarter worth approximately $211,000. 2.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 price of $12.17 per share, for a total transaction of $34,076.00. Following the completion of the purchase, the director now directly owns 2,800 shares of the company's stock, valued at approximately $34,076. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 61.30% of the company's stock.

Analysts Set New Price Targets

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

FitLife Brands Stock Down 1.9%

NASDAQ:FTLF opened at $15.41 on Tuesday. FitLife Brands, Inc. has a twelve month low of $9.83 and a twelve month high of $17.75. The company has a market cap of $144.61 million, a price-to-earnings ratio of 18.24 and a beta of 0.90. The stock has a fifty day simple moving average of $13.42 and a 200-day simple moving average of $15.01. 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 (NASDAQ:FTLF - Get Free Report) last released its earnings results on Thursday, March 27th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). FitLife Brands had a return on equity of 28.03% and a net margin of 13.38%. Analysts anticipate that FitLife Brands, Inc. will post 0.94 EPS for the current year.

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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