Lifetime Brands Inc (NASDAQ:LCUT) major shareholder Centre Partners V, L.P. bought 10,453 shares of the stock in a transaction on Monday, November 19th. The stock was bought at an average price of $10.75 per share, for a total transaction of $112,369.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Centre Partners V, L.P. also recently made the following trade(s):

  • On Wednesday, November 14th, Centre Partners V, L.P. bought 7,960 shares of Lifetime Brands stock. The stock was bought at an average price of $10.37 per share, for a total transaction of $82,545.20.
  • On Monday, November 12th, Centre Partners V, L.P. bought 5,212 shares of Lifetime Brands stock. The stock was bought at an average price of $10.23 per share, for a total transaction of $53,318.76.

Shares of LCUT stock opened at $10.80 on Tuesday. Lifetime Brands Inc has a twelve month low of $9.00 and a twelve month high of $19.25. The company has a market capitalization of $220.08 million, a price-to-earnings ratio of 117.78 and a beta of 0.95. The company has a current ratio of 3.09, a quick ratio of 1.38 and a debt-to-equity ratio of 1.29.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, November 8th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.36). Lifetime Brands had a negative net margin of 1.59% and a positive return on equity of 0.52%. The company had revenue of $209.45 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be paid a $0.0425 dividend. The ex-dividend date of this dividend is Thursday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 1.57%. Lifetime Brands’s dividend payout ratio (DPR) is currently 23.94%.

Several hedge funds have recently made changes to their positions in the business. Olstein Capital Management L.P. grew its stake in shares of Lifetime Brands by 5.3% in the 3rd quarter. Olstein Capital Management L.P. now owns 215,000 shares of the company’s stock valued at $2,344,000 after purchasing an additional 10,800 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of Lifetime Brands in the 2nd quarter valued at approximately $150,000. Dimensional Fund Advisors LP grew its stake in shares of Lifetime Brands by 1.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,209,337 shares of the company’s stock valued at $13,182,000 after purchasing an additional 19,651 shares during the last quarter. Northern Trust Corp grew its stake in shares of Lifetime Brands by 20.0% in the 2nd quarter. Northern Trust Corp now owns 149,815 shares of the company’s stock valued at $1,896,000 after purchasing an additional 24,996 shares during the last quarter. Finally, Bridgeway Capital Management Inc. grew its stake in shares of Lifetime Brands by 22.3% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 187,299 shares of the company’s stock valued at $2,042,000 after purchasing an additional 34,200 shares during the last quarter. Institutional investors own 46.32% of the company’s stock.

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Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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Insider Buying and Selling by Quarter for Lifetime Brands (NASDAQ:LCUT)

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