FitLife Brands (NASDAQ:FTLF) Director Shannon Pappas Buys 1,000 Shares of Stock

FitLife Brands Inc. (NASDAQ:FTLF) Director Shannon Pappas acquired 1,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were purchased at an average price of $10.25 per share, for a total transaction of $10,250.00. Following the transaction, the director directly owned 1,000 shares in the company, valued at approximately $10,250. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

FitLife Brands Stock Down 0.7%

FTLF opened at $10.02 on Friday. The stock has a fifty day moving average of $10.67 and a 200-day moving average of $11.53. The company has a market capitalization of $94.09 million, a P/E ratio of 16.06 and a beta of 0.01. FitLife Brands Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $20.98. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.45 and a current ratio of 1.46.

FitLife Brands (NASDAQ:FTLF) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. FitLife Brands had a net margin of 6.15% and a return on equity of 18.10%. The business had revenue of $26.55 million for the quarter. On average, equities analysts expect that FitLife Brands Inc. will post 0.87 EPS for the current year.

Institutional Trading of FitLife Brands

Large investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in FitLife Brands by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 92,689 shares of the company’s stock worth $1,508,000 after purchasing an additional 991 shares during the last quarter. Stifel Financial Corp acquired a new position in FitLife Brands during the fourth quarter worth about $657,000. UBS Group AG lifted its holdings in shares of FitLife Brands by 592.7% in the third quarter. UBS Group AG now owns 35,531 shares of the company’s stock worth $707,000 after acquiring an additional 30,402 shares during the last quarter. Bard Associates Inc. grew its holdings in shares of FitLife Brands by 5.3% during the 4th quarter. Bard Associates Inc. now owns 17,594 shares of the company’s stock valued at $286,000 after purchasing an additional 893 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in FitLife Brands during the 4th quarter worth approximately $263,000. Institutional investors and hedge funds own 2.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Weiss Ratings cut shares of FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Zacks Research raised FitLife Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $18.00.

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.