Mill Road Capital Ii, L.P. Purchases 5,924 Shares of Lifetime Brands Inc. (LCUT) Stock
Lifetime Brands Inc. (NASDAQ:LCUT) major shareholder Mill Road Capital Ii, L.P. purchased 5,924 shares of the stock in a transaction on Thursday, September 29th. The shares were purchased at an average cost of $12.69 per share, with a total value of $75,175.56. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Mill Road Capital Ii, L.P. also recently made the following trade(s):
- On Monday, September 26th, Mill Road Capital Ii, L.P. purchased 771 shares of Lifetime Brands stock. The shares were purchased at an average cost of $12.66 per share, with a total value of $9,760.86.
- On Wednesday, September 21st, Mill Road Capital Ii, L.P. purchased 1,919 shares of Lifetime Brands stock. The shares were purchased at an average cost of $12.51 per share, with a total value of $24,006.69.
- On Tuesday, September 20th, Mill Road Capital Ii, L.P. purchased 5,308 shares of Lifetime Brands stock. The shares were purchased at an average cost of $12.56 per share, with a total value of $66,668.48.
- On Monday, September 19th, Mill Road Capital Ii, L.P. acquired 2,820 shares of Lifetime Brands stock. The stock was bought at an average cost of $12.65 per share, with a total value of $35,673.00.
Lifetime Brands Inc. (NASDAQ:LCUT) opened at 13.46 on Monday. The stock has a 50 day moving average price of $13.08 and a 200 day moving average price of $14.56. Lifetime Brands Inc. has a one year low of $11.29 and a one year high of $17.80. The firm has a market cap of $194.21 million, a PE ratio of 18.21 and a beta of 1.24.
Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Lifetime Brands had a return on equity of 6.91% and a net margin of 1.84%. The business had revenue of $118.10 million for the quarter, compared to analyst estimates of $123.35 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. Equities research analysts expect that Lifetime Brands Inc. will post $1.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Tuesday, November 1st will be given a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, October 28th. Lifetime Brands’s dividend payout ratio is currently 22.97%.
Several hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in Lifetime Brands during the first quarter worth $312,000. Algert Global LLC bought a new stake in Lifetime Brands during the first quarter worth $174,000. Mesirow Financial Investment Management US Value Equity bought a new stake in Lifetime Brands during the first quarter worth $194,000. State Street Corp raised its stake in Lifetime Brands by 0.6% in the first quarter. State Street Corp now owns 157,769 shares of the company’s stock worth $2,380,000 after buying an additional 938 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Lifetime Brands by 2.3% in the first quarter. Geode Capital Management LLC now owns 69,975 shares of the company’s stock worth $1,054,000 after buying an additional 1,588 shares in the last quarter. 57.53% of the stock is currently owned by institutional investors and hedge funds.
About Lifetime Brands
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company has three business segments: U.S. Wholesale, which designs, markets and distributes its products to retailers and distributors; International, which operates certain business operations that are conducted outside the United States, and Retail Direct, which markets and sells a limited selection of its products through its Pfaltzgraff, Mikasa, Built NY, Fred & Friends and Lifetime Sterling Internet Websites.
Receive News & Stock Ratings for Lifetime Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifetime Brands Inc. and related stocks with our FREE daily email newsletter.