Centre Partners V, L.P. Buys 18,387 Shares of Lifetime Brands Inc (LCUT) Stock

Lifetime Brands Inc (NASDAQ:LCUT) major shareholder Centre Partners V, L.P. bought 18,387 shares of Lifetime Brands stock in a transaction dated Thursday, December 6th. The shares were acquired at an average cost of $12.15 per share, for a total transaction of $223,402.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, December 3rd, Centre Partners V, L.P. bought 10,625 shares of Lifetime Brands stock. The shares were acquired at an average cost of $12.12 per share, for a total transaction of $128,775.00.
  • On Wednesday, November 28th, Centre Partners V, L.P. bought 848 shares of Lifetime Brands stock. The shares were acquired at an average cost of $11.33 per share, for a total transaction of $9,607.84.
  • On Monday, November 19th, Centre Partners V, L.P. bought 10,453 shares of Lifetime Brands stock. The shares were acquired at an average cost of $10.75 per share, for a total transaction of $112,369.75.
  • On Wednesday, November 14th, Centre Partners V, L.P. bought 7,960 shares of Lifetime Brands stock. The shares were acquired at an average cost 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 shares were acquired at an average cost of $10.23 per share, for a total transaction of $53,318.76.

LCUT opened at $12.38 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.38 and a current ratio of 3.09. Lifetime Brands Inc has a 52-week low of $9.00 and a 52-week high of $19.25. The company has a market cap of $251.43 million, a PE ratio of 134.56 and a beta of 1.02.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $209.45 million for the quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a dividend of $0.0425 per share. The ex-dividend date is Thursday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 1.37%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management Inc. boosted its position in shares of Lifetime Brands by 22.3% during the third 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Lifetime Brands by 1.7% during the third 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 in the last quarter. Olstein Capital Management L.P. boosted its position in shares of Lifetime Brands by 5.3% during the third 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 in the last quarter. Teton Advisors Inc. boosted its position in shares of Lifetime Brands by 67.1% during the third quarter. Teton Advisors Inc. now owns 141,451 shares of the company’s stock valued at $1,542,000 after purchasing an additional 56,803 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Lifetime Brands by 20.0% during the second 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 in the last quarter. Institutional investors own 46.48% of the company’s stock.

Separately, BidaskClub raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday.

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About Lifetime Brands

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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