Pacific Ridge Capital Partners LLC lowered its stake in MEDIFAST INC (NYSE:MED) by 6.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,578 shares of the specialty retailer’s stock after selling 7,260 shares during the period. MEDIFAST INC comprises approximately 1.2% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 27th largest position. Pacific Ridge Capital Partners LLC owned approximately 0.85% of MEDIFAST INC worth $4,212,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Chicago Equity Partners LLC boosted its position in shares of MEDIFAST INC by 0.3% in the first quarter. Chicago Equity Partners LLC now owns 17,370 shares of the specialty retailer’s stock worth $771,000 after buying an additional 50 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of MEDIFAST INC by 1.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,173 shares of the specialty retailer’s stock worth $230,000 after buying an additional 91 shares during the last quarter. Arizona State Retirement System boosted its position in shares of MEDIFAST INC by 1.8% in the first quarter. Arizona State Retirement System now owns 5,813 shares of the specialty retailer’s stock worth $258,000 after buying an additional 100 shares during the last quarter. HL Financial Services LLC boosted its position in shares of MEDIFAST INC by 1.5% in the first quarter. HL Financial Services LLC now owns 8,088 shares of the specialty retailer’s stock worth $359,000 after buying an additional 119 shares during the last quarter. Finally, Texas Permanent School Fund boosted its position in shares of MEDIFAST INC by 1.5% in the second quarter. Texas Permanent School Fund now owns 8,185 shares of the specialty retailer’s stock worth $339,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.

MEDIFAST INC (MED) opened at 55.67 on Friday. The firm has a market capitalization of $664.14 million, a PE ratio of 27.97 and a beta of 0.41. The stock has a 50 day moving average of $48.15 and a 200-day moving average of $44.66. MEDIFAST INC has a one year low of $35.55 and a one year high of $56.70.

MEDIFAST INC (NYSE:MED) last announced its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.10. MEDIFAST INC had a return on equity of 24.25% and a net margin of 8.62%. The firm had revenue of $75.70 million for the quarter, compared to analysts’ expectations of $71.96 million. During the same period last year, the business posted $0.63 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts predict that MEDIFAST INC will post $2.12 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 9th. Investors of record on Friday, June 23rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Wednesday, June 21st. MEDIFAST INC’s dividend payout ratio (DPR) is presently 64.32%.

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A number of equities analysts have recently commented on the stock. BidaskClub raised shares of MEDIFAST INC from a “strong sell” rating to a “sell” rating in a report on Friday, August 11th. DA Davidson assumed coverage on shares of MEDIFAST INC in a report on Wednesday, August 16th. They issued a “buy” rating on the stock.

MEDIFAST INC Company Profile

Medifast, Inc is engaged in the production, distribution and sale of weight loss, weight management and healthy living products, and other consumable health and nutritional products. Medifast product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products and vitamins.

Institutional Ownership by Quarter for MEDIFAST INC (NYSE:MED)

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