Lifetime Brands Inc. (NASDAQ:LCUT) major shareholder Mill Road Capital Ii, L.P. bought 4,197 shares of the business’s stock in a transaction that occurred on Tuesday, October 11th. The shares were acquired at an average price of $12.82 per share, with a total value of $53,805.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% 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 Thursday, September 29th, Mill Road Capital Ii, L.P. bought 5,924 shares of Lifetime Brands stock. The shares were acquired at an average price of $12.69 per share, with a total value of $75,175.56.
  • On Monday, September 26th, Mill Road Capital Ii, L.P. bought 771 shares of Lifetime Brands stock. The shares were acquired at an average price of $12.66 per share, with a total value of $9,760.86.
  • On Wednesday, September 21st, Mill Road Capital Ii, L.P. bought 1,919 shares of Lifetime Brands stock. The shares were acquired at an average price of $12.51 per share, with a total value of $24,006.69.
  • On Tuesday, September 20th, Mill Road Capital Ii, L.P. bought 5,308 shares of Lifetime Brands stock. The shares were acquired at an average price of $12.56 per share, with a total value of $66,668.48.
  • On Monday, September 19th, Mill Road Capital Ii, L.P. bought 2,820 shares of Lifetime Brands stock. The shares were acquired at an average price of $12.65 per share, with a total value of $35,673.00.

Shares of Lifetime Brands Inc. (NASDAQ:LCUT) opened at 13.55 on Friday. The company’s 50-day moving average is $13.04 and its 200 day moving average is $14.57. The company has a market capitalization of $195.51 million, a price-to-earnings ratio of 18.34 and a beta of 1.24. Lifetime Brands Inc. has a 12 month low of $11.29 and a 12 month high of $17.80.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.01 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.01. The business earned $118.10 million during the quarter, compared to analyst estimates of $123.35 million. Lifetime Brands had a net margin of 1.84% and a return on equity of 6.91%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. On average, equities research analysts anticipate that Lifetime Brands Inc. will post $1.03 earnings per share for the current year.

Insider Buying and Selling by Quarter for Lifetime Brands (NASDAQ:LCUT)

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Friday, October 28th. Lifetime Brands’s payout ratio is 22.97%.

Hedge funds have recently added to or reduced their stakes in the stock. DIAM Co. Ltd. purchased a new stake in Lifetime Brands during the second quarter valued at approximately $112,000. Acrospire Investment Management LLC raised its stake in Lifetime Brands by 40.9% in the second quarter. Acrospire Investment Management LLC now owns 8,217 shares of the company’s stock valued at $120,000 after buying an additional 2,385 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in Lifetime Brands during the second quarter valued at approximately $132,000. Counsel Portfolio Services Inc. purchased a new stake in Lifetime Brands during the second quarter valued at approximately $150,000. Finally, Mesirow Financial Investment Management US Value Equity purchased a new stake in Lifetime Brands during the first quarter valued at approximately $194,000. 57.53% of the stock is owned by institutional investors and hedge funds.

Lifetime Brands Company Profile

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.

5 Day Chart for NASDAQ:LCUT

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