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

FitLife Brands Inc. (NASDAQ:FTLF) Director Shannon Pappas acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average cost of $10.25 per share, with a total value of $10,250.00. Following the completion of the purchase, the director directly owned 1,000 shares in the company, valued at $10,250. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

FitLife Brands Stock Performance

Shares of FTLF stock opened at $10.02 on Friday. The stock has a fifty day moving average price of $10.67 and a 200 day moving average price of $11.53. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.45 and a current ratio of 1.46. The stock has a market cap of $94.09 million, a PE ratio of 16.06 and a beta of 0.01. FitLife Brands Inc. has a 1 year low of $8.67 and a 1 year high of $20.98.

FitLife Brands (NASDAQ:FTLF) last posted its earnings results 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 company had revenue of $26.55 million for the quarter. Sell-side analysts forecast that FitLife Brands Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Trading of FitLife Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in FitLife Brands by 101.4% in the 2nd 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. New York State Common Retirement Fund acquired a new stake in shares of FitLife Brands during the 2nd quarter worth about $103,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of FitLife Brands during the 2nd quarter worth about $28,000. Bank of America Corp DE grew its holdings in shares of FitLife Brands by 6,524.2% during the second quarter. Bank of America Corp DE now owns 2,186 shares of the company’s stock worth $28,000 after buying an additional 2,153 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in shares of FitLife Brands by 119.2% during the second quarter. Osaic Holdings Inc. now owns 4,414 shares of the company’s stock worth $57,000 after buying an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 2.32% of the company’s stock.

FitLife Brands Company Profile

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.