Mill Road Capital Ii, L.P. Purchases 5,308 Shares of Lifetime Brands Inc. (LCUT) Stock
Lifetime Brands Inc. (NASDAQ:LCUT) major shareholder Mill Road Capital Ii, L.P. acquired 5,308 shares of the company’s stock in a transaction that occurred on Tuesday, September 20th. The stock was bought at an average price of $12.56 per share, with a total value of $66,668.48. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Mill Road Capital Ii, L.P. also recently made the following trade(s):
- On Wednesday, September 21st, Mill Road Capital Ii, L.P. bought 1,919 shares of Lifetime Brands stock. The stock was acquired at an average cost of $12.51 per share, with a total value of $24,006.69.
- On Monday, September 19th, Mill Road Capital Ii, L.P. bought 2,820 shares of Lifetime Brands stock. The stock was acquired at an average cost of $12.65 per share, with a total value of $35,673.00.
Lifetime Brands Inc. (NASDAQ:LCUT) opened at 13.00 on Friday. The firm has a market capitalization of $187.58 million, a PE ratio of 17.59 and a beta of 1.24. The firm has a 50-day moving average price of $13.21 and a 200-day moving average price of $14.56. Lifetime Brands Inc. has a 1-year low of $11.29 and a 1-year high of $17.80.
Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Tuesday, August 9th. The company reported $0.01 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $118.10 million for the quarter, compared to the consensus estimate of $123.35 million. Lifetime Brands had a return on equity of 6.91% and a net margin of 1.84%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. Equities analysts expect that Lifetime Brands Inc. will post $1.03 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, October 28th. Lifetime Brands’s dividend payout ratio is presently 22.97%.
Several large investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. acquired a new stake in shares of Lifetime Brands during the second quarter worth $324,000. California State Teachers Retirement System increased its stake in shares of Lifetime Brands by 1.7% in the second quarter. California State Teachers Retirement System now owns 23,170 shares of the company’s stock worth $338,000 after buying an additional 393 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Lifetime Brands by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 78,906 shares of the company’s stock worth $1,152,000 after buying an additional 2,899 shares in the last quarter. Strs Ohio increased its stake in Lifetime Brands by 11.2% in the second quarter. Strs Ohio now owns 32,000 shares of the company’s stock valued at $466,000 after buying an additional 3,230 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Lifetime Brands by 645.1% in the second quarter. Acadian Asset Management LLC now owns 154,349 shares of the company’s stock valued at $2,252,000 after buying an additional 133,634 shares during the period. 57.53% of the stock is currently owned by hedge funds and other institutional investors.
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.
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