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

FitLife Brands Inc. (NASDAQ:FTLF) Director Shannon Pappas purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was acquired at an average price of $10.25 per share, for a total transaction of $10,250.00. Following the purchase, the director owned 1,000 shares in the company, valued at approximately $10,250. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

FitLife Brands Price Performance

FitLife Brands stock opened at $10.09 on Friday. 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 Inc. has a 52 week low of $8.67 and a 52 week high of $20.98. The stock has a market capitalization of $94.76 million, a P/E ratio of 16.17 and a beta of 0.01. The stock has a fifty day moving average of $10.69 and a 200-day moving average of $11.54.

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

Institutional Investors Weigh In On FitLife Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in FitLife Brands by 101.4% in the second quarter. Geode Capital Management LLC now owns 90,746 shares of the company’s stock valued at $1,182,000 after purchasing an additional 45,690 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of FitLife Brands in the fourth quarter worth approximately $657,000. UBS Group AG increased its position in shares of FitLife Brands by 592.7% during the third quarter. UBS Group AG now owns 35,531 shares of the company’s stock worth $707,000 after buying an additional 30,402 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of FitLife Brands in the 4th quarter worth about $263,000. Finally, New York State Common Retirement Fund bought a new position in FitLife Brands during the second quarter worth $103,000. Institutional investors own 2.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FTLF. Zacks Research upgraded shares of FitLife Brands from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings cut shares of FitLife Brands from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock 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.