Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $44,956.50 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Ludmila Smolyansky sold 2,193 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $20.50, for a total transaction of $44,956.50. Following the transaction, the insider now directly owns 1,300,341 shares in the company, valued at $26,656,990.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Ludmila Smolyansky also recently made the following trade(s):

• On Wednesday, April 17th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $20.04, for a total transaction of $200,400.00.
• On Friday, April 5th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The stock was sold at an average price of $19.56, for a total transaction of $97,800.00.
• On Monday, April 8th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The stock was sold at an average price of $20.40, for a total transaction of $102,000.00.
• On Tuesday, March 26th, Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock. The shares were sold at an average price of $18.71, for a total transaction of $243,230.00.
• On Friday, March 22nd, Ludmila Smolyansky sold 3,852 shares of Lifeway Foods stock. The shares were sold at an average price of $15.80, for a total transaction of $60,861.60.
• On Wednesday, March 20th, Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock. The shares were sold at an average price of $12.87, for a total transaction of $167,310.00.
• On Monday, February 26th, Ludmila Smolyansky sold 13,542 shares of Lifeway Foods stock. The shares were sold at an average price of $12.34, for a total transaction of $167,108.28.
• On Thursday, February 8th, Ludmila Smolyansky sold 22,747 shares of Lifeway Foods stock. The shares were sold at an average price of $11.61, for a total transaction of $264,092.67.
• On Tuesday, February 6th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $11.84, for a total transaction of $118,400.00.
• On Wednesday, January 24th, Ludmila Smolyansky sold 5,000 shares of Lifeway Foods stock. The stock was sold at an average price of $13.44, for a total transaction of $67,200.00.

Lifeway Foods Trading Down 2.2 %

Shares of Lifeway Foods stock traded down $0.45 during trading on Wednesday, hitting $19.99. The company's stock had a trading volume of 129,001 shares, compared to its average volume of 85,987. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.30 and a quick ratio of 1.75. Lifeway Foods, Inc. has a 52 week low of $5.61 and a 52 week high of $23.31. The stock has a market cap of $293.65 million, a price-to-earnings ratio of 26.30 and a beta of 1.33. The stock has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $13.39.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last issued its quarterly earnings results on Wednesday, March 20th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.05. The business had revenue of $42.09 million for the quarter, compared to analysts' expectations of $40.00 million. Lifeway Foods had a net margin of 7.10% and a return on equity of 20.92%. Equities research analysts anticipate that Lifeway Foods, Inc. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LWAY. Noble Financial reaffirmed a "market perform" rating on shares of Lifeway Foods in a research note on Wednesday, March 27th. StockNews.com cut shares of Lifeway Foods from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 6th. Finally, Lake Street Capital began coverage on shares of Lifeway Foods in a research note on Friday, April 5th. They issued a "buy" rating and a $25.00 price objective on the stock.

Institutional Trading of Lifeway Foods

A number of institutional investors have recently bought and sold shares of LWAY. Citigroup Inc. bought a new stake in Lifeway Foods during the third quarter valued at $27,000. Tower Research Capital LLC TRC boosted its position in Lifeway Foods by 656.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,010 shares of the company's stock valued at $67,000 after acquiring an additional 4,348 shares during the last quarter. Millennium Management LLC bought a new stake in Lifeway Foods during the fourth quarter valued at $82,000. Denali Advisors LLC bought a new stake in Lifeway Foods during the third quarter valued at $91,000. Finally, UBS Group AG boosted its position in Lifeway Foods by 12,896.2% during the fourth quarter. UBS Group AG now owns 16,895 shares of the company's stock valued at $94,000 after acquiring an additional 16,765 shares during the last quarter. Institutional investors own 36.39% of the company's stock.

About Lifeway Foods

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.