Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Sells 2,559 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky sold 2,559 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $19.35, for a total value of $49,516.65. Following the completion of the transaction, the chief executive officer now owns 2,116,706 shares in the company, valued at approximately $40,958,261.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Julie Smolyansky also recently made the following trade(s):

• On Monday, March 25th, Julie Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $17.23, for a total value of $172,300.00.

Lifeway Foods Stock Performance

Shares of LWAY traded down $2.11 on Thursday, reaching $17.22. 246,516 shares of the company’s stock traded hands, compared to its average volume of 68,740. The company has a current ratio of 2.30, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The stock has a market cap of $252.96 million, a PE ratio of 22.66 and a beta of 1.29. The stock’s 50 day simple moving average is $12.46 and its two-hundred day simple moving average is $12.57. Lifeway Foods, Inc. has a 52-week low of $5.61 and a 52-week high of $19.60.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. StockNews.com downgraded Lifeway Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Noble Financial reissued a “market perform” rating on shares of Lifeway Foods in a research note on Wednesday.

Institutional Trading of Lifeway Foods

Large investors have recently bought and sold shares of the company. EAM Investors LLC purchased a new stake in Lifeway Foods in the third quarter worth $1,353,000. Acadian Asset Management LLC bought a new stake in Lifeway Foods during the third quarter valued at $143,000. Bank of New York Mellon Corp bought a new stake in Lifeway Foods during the third quarter valued at $405,000. Kanen Wealth Management LLC boosted its stake in Lifeway Foods by 107.9% during the second quarter. Kanen Wealth Management LLC now owns 620,973 shares of the company’s stock valued at $4,085,000 after buying an additional 322,260 shares during the period. Finally, Teton Advisors Inc. bought a new stake in Lifeway Foods during the third quarter valued at $114,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

Lifeway Foods Company Profile

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.