Hillsdale Investment Management Inc. Invests $180,000 in Lifetime Brands, Inc. (NASDAQ:LCUT)

Hillsdale Investment Management Inc. purchased a new position in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) in the fourth quarter, HoldingsChannel reports. The fund purchased 26,800 shares of the company’s stock, valued at approximately $180,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC purchased a new stake in shares of Lifetime Brands during the third quarter worth about $35,000. Gabelli Funds LLC acquired a new stake in shares of Lifetime Brands in the third quarter worth approximately $56,000. Jump Financial LLC acquired a new stake in shares of Lifetime Brands in the third quarter worth approximately $62,000. Heron Bay Capital Management acquired a new stake in shares of Lifetime Brands in the fourth quarter worth approximately $69,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Lifetime Brands in the third quarter worth approximately $75,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. TheStreet raised shares of Lifetime Brands from a “d+” rating to a “c-” rating in a research report on Monday, March 11th. DA Davidson raised their target price on shares of Lifetime Brands from $11.50 to $13.50 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Canaccord Genuity Group raised their target price on shares of Lifetime Brands from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, May 10th.

Lifetime Brands Trading Up 0.4 %

Shares of LCUT stock opened at $11.46 on Wednesday. The stock has a market cap of $252.92 million, a price-to-earnings ratio of -42.44, a price-to-earnings-growth ratio of 1.12 and a beta of 1.38. The company has a quick ratio of 1.07, a current ratio of 2.62 and a debt-to-equity ratio of 0.77. Lifetime Brands, Inc. has a fifty-two week low of $4.31 and a fifty-two week high of $11.68. The firm’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $8.44.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $142.24 million for the quarter, compared to analyst estimates of $149.74 million. Lifetime Brands had a negative net margin of 0.86% and a positive return on equity of 4.63%. During the same period last year, the firm earned ($0.12) earnings per share. On average, analysts anticipate that Lifetime Brands, Inc. will post 0.73 EPS for the current year.

Lifetime Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st were given a dividend of $0.043 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $0.17 dividend on an annualized basis and a yield of 1.50%. Lifetime Brands’s dividend payout ratio (DPR) is -62.96%.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.