Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Sells 10,000 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) CEO Julie Smolyansky sold 10,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $17.23, for a total transaction of $172,300.00. Following the transaction, 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 SEC, which can be accessed through the SEC website.

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

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

Lifeway Foods Price Performance

Shares of LWAY stock traded down $2.11 during midday trading on Thursday, reaching $17.22. 246,516 shares of the company were exchanged, compared to its average volume of 68,740. Lifeway Foods, Inc. has a 12 month low of $5.61 and a 12 month high of $19.60. The company has a market cap of $252.96 million, a P/E ratio of 22.66 and a beta of 1.29. The company’s 50 day moving average price is $12.46 and its two-hundred day moving average price is $12.57. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.75 and a current ratio of 2.30.

Institutional Trading of Lifeway Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in LWAY. Kanen Wealth Management LLC raised its position in shares of Lifeway Foods by 107.9% during the 2nd quarter. Kanen Wealth Management LLC now owns 620,973 shares of the company’s stock worth $4,085,000 after buying an additional 322,260 shares in the last quarter. EAM Investors LLC bought a new stake in shares of Lifeway Foods in the 3rd quarter worth approximately $1,353,000. Susquehanna International Group LLP bought a new stake in shares of Lifeway Foods in the 1st quarter worth approximately $483,000. Bank of New York Mellon Corp bought a new stake in shares of Lifeway Foods in the 3rd quarter worth approximately $405,000. Finally, Vanguard Group Inc. raised its holdings in shares of Lifeway Foods by 22.8% in the 1st quarter. Vanguard Group Inc. now owns 178,117 shares of the company’s stock worth $1,286,000 after purchasing an additional 33,079 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on LWAY shares. StockNews.com lowered shares of Lifeway Foods from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Noble Financial restated a “market perform” rating on shares of Lifeway Foods in a research report on Wednesday.

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.