Insider Buying: Lifetime Brands Inc (LCUT) Major Shareholder Buys 63,906 Shares of Stock

Lifetime Brands Inc (NASDAQ:LCUT) major shareholder Centre Partners V, L.P. acquired 63,906 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The stock was purchased at an average cost of $9.59 per share, for a total transaction of $612,858.54. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Centre Partners V, L.P. also recently made the following trade(s):

  • On Monday, May 13th, Centre Partners V, L.P. acquired 3,670 shares of Lifetime Brands stock. The stock was purchased at an average cost of $9.45 per share, for a total transaction of $34,681.50.
  • On Wednesday, May 15th, Centre Partners V, L.P. acquired 44,502 shares of Lifetime Brands stock. The stock was purchased at an average cost of $9.50 per share, for a total transaction of $422,769.00.
  • On Friday, March 22nd, Centre Partners V, L.P. acquired 100,000 shares of Lifetime Brands stock. The stock was purchased at an average cost of $9.49 per share, for a total transaction of $949,000.00.
  • On Monday, March 18th, Centre Partners V, L.P. acquired 24,171 shares of Lifetime Brands stock. The stock was purchased at an average cost of $9.42 per share, for a total transaction of $227,690.82.
  • On Wednesday, March 20th, Centre Partners V, L.P. acquired 124,171 shares of Lifetime Brands stock. The stock was purchased at an average cost of $9.41 per share, for a total transaction of $1,168,449.11.

Shares of LCUT stock traded down $0.06 during trading hours on Friday, reaching $9.51. The stock had a trading volume of 43,367 shares, compared to its average volume of 31,663. The company has a quick ratio of 1.12, a current ratio of 2.96 and a debt-to-equity ratio of 1.36. Lifetime Brands Inc has a twelve month low of $8.01 and a twelve month high of $13.75. The stock has a market cap of $199.60 million, a PE ratio of 33.96 and a beta of 0.97.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.22. Lifetime Brands had a net margin of 0.68% and a return on equity of 3.58%. The business had revenue of $149.93 million for the quarter. Equities analysts forecast that Lifetime Brands Inc will post 0.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st were issued a $0.0425 dividend. The ex-dividend date was Tuesday, April 30th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.79%. Lifetime Brands’s dividend payout ratio (DPR) is presently 60.71%.

Separately, ValuEngine cut shares of Lifetime Brands from a “hold” rating to a “sell” rating in a report on Monday, February 4th.

Institutional investors and hedge funds have recently made changes to their positions in the stock. BW Gestao de Investimentos Ltda. bought a new stake in Lifetime Brands in the 1st quarter valued at approximately $41,000. Weber Alan W lifted its stake in Lifetime Brands by 44.4% in the 1st quarter. Weber Alan W now owns 65,000 shares of the company’s stock valued at $614,000 after acquiring an additional 20,000 shares in the last quarter. Kennedy Capital Management Inc. lifted its stake in Lifetime Brands by 11.3% in the 1st quarter. Kennedy Capital Management Inc. now owns 1,128,643 shares of the company’s stock valued at $10,666,000 after acquiring an additional 114,719 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in Lifetime Brands by 13.9% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 466,758 shares of the company’s stock valued at $4,411,000 after acquiring an additional 57,035 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Lifetime Brands by 3.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,289,823 shares of the company’s stock valued at $12,189,000 after acquiring an additional 39,729 shares in the last quarter. Hedge funds and other institutional investors own 46.36% of the company’s stock.

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About Lifetime Brands

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 two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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