Lifetime Brands Inc (NASDAQ:LCUT) major shareholder Centre Partners V, L.P. purchased 10,625 shares of the stock in a transaction on Monday, December 3rd. The stock was acquired at an average price of $12.12 per share, with a total value of $128,775.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Centre Partners V, L.P. also recently made the following trade(s):
- On Thursday, December 6th, Centre Partners V, L.P. purchased 18,387 shares of Lifetime Brands stock. The stock was acquired at an average price of $12.15 per share, with a total value of $223,402.05.
- On Wednesday, November 28th, Centre Partners V, L.P. acquired 848 shares of Lifetime Brands stock. The shares were purchased at an average price of $11.33 per share, with a total value of $9,607.84.
- On Monday, November 19th, Centre Partners V, L.P. acquired 10,453 shares of Lifetime Brands stock. The shares were purchased at an average price of $10.75 per share, with a total value of $112,369.75.
- On Wednesday, November 14th, Centre Partners V, L.P. acquired 7,960 shares of Lifetime Brands stock. The shares were purchased at an average price of $10.37 per share, with a total value of $82,545.20.
- On Monday, November 12th, Centre Partners V, L.P. acquired 5,212 shares of Lifetime Brands stock. The shares were purchased at an average price of $10.23 per share, with a total value of $53,318.76.
NASDAQ:LCUT opened at $12.38 on Friday. The company has a quick ratio of 1.38, a current ratio of 3.09 and a debt-to-equity ratio of 1.29. The stock has a market cap of $251.43 million, a P/E ratio of 134.56 and a beta of 1.02. Lifetime Brands Inc has a 52-week low of $9.00 and a 52-week high of $19.25.
Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.36). The firm had revenue of $209.45 million for the quarter. Lifetime Brands had a positive return on equity of 0.52% and a negative net margin of 1.59%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be issued a dividend of $0.0425 per share. The ex-dividend date is Thursday, January 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.37%.
Separately, BidaskClub upgraded Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Friday.
Large investors have recently bought and sold shares of the stock. Brown Advisory Inc. bought a new position in shares of Lifetime Brands during the second quarter worth about $5,165,000. BlackRock Inc. grew its stake in Lifetime Brands by 15.2% in the second quarter. BlackRock Inc. now owns 850,187 shares of the company’s stock valued at $10,754,000 after purchasing an additional 111,957 shares in the last quarter. Rhumbline Advisers bought a new position in Lifetime Brands in the second quarter valued at approximately $150,000. Northern Trust Corp grew its stake in Lifetime Brands by 20.0% in the second quarter. Northern Trust Corp now owns 149,815 shares of the company’s stock valued at $1,896,000 after purchasing an additional 24,996 shares in the last quarter. Finally, Bridgeway Capital Management Inc. grew its stake in Lifetime Brands by 22.3% in the third quarter. Bridgeway Capital Management Inc. now owns 187,299 shares of the company’s stock valued at $2,042,000 after purchasing an additional 34,200 shares in the last quarter. Institutional investors and hedge funds own 46.48% of the company’s stock.
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Lifetime Brands Company Profile
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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