Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Sells $172,300.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $17.23, for a total transaction of $172,300.00. Following the completion of the sale, the chief executive officer now directly owns 2,117,081 shares of the company’s stock, valued at $36,477,305.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, March 27th, Julie Smolyansky sold 2,559 shares of Lifeway Foods stock. The stock was sold at an average price of $19.35, for a total transaction of $49,516.65.

Lifeway Foods Price Performance

Shares of Lifeway Foods stock opened at $17.22 on Friday. The firm has a fifty day simple moving average of $12.52 and a 200-day simple moving average of $12.60. The company has a current ratio of 2.30, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Lifeway Foods, Inc. has a 1-year low of $5.61 and a 1-year high of $19.60. The stock has a market capitalization of $252.96 million, a price-to-earnings ratio of 22.66 and a beta of 1.29.

Wall Street Analyst Weigh In

Several research firms have commented on LWAY. Noble Financial reissued a “market perform” rating on shares of Lifeway Foods in a research report on Wednesday. StockNews.com cut shares of Lifeway Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Institutional Trading of Lifeway Foods

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Lifeway Foods by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 260,569 shares of the company’s stock worth $3,494,000 after buying an additional 2,211 shares during the last quarter. Barclays PLC acquired a new position in Lifeway Foods during the 4th quarter valued at $194,000. Gamco Investors INC. ET AL raised its stake in Lifeway Foods by 61.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 79,600 shares of the company’s stock valued at $1,067,000 after purchasing an additional 30,145 shares during the last quarter. Citadel Advisors LLC acquired a new position in Lifeway Foods during the 4th quarter valued at $203,000. Finally, Royal Bank of Canada raised its stake in Lifeway Foods by 32.5% during the 4th quarter. Royal Bank of Canada now owns 7,421 shares of the company’s stock valued at $99,000 after purchasing an additional 1,821 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

About Lifeway Foods

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.