Lifetime Brands Inc. (NASDAQ:LCUT) major shareholder Mill Road Capital Ii, L.P. bought 2,820 shares of the firm’s stock in a transaction dated Monday, September 19th. The shares were purchased at an average price of $12.65 per share, with a total value of $35,673.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Mill Road Capital Ii, L.P. also recently made the following trade(s):
- On Wednesday, September 21st, Mill Road Capital Ii, L.P. bought 1,919 shares of Lifetime Brands stock. The shares were purchased at an average price of $12.51 per share, with a total value of $24,006.69.
- On Tuesday, September 20th, Mill Road Capital Ii, L.P. bought 5,308 shares of Lifetime Brands stock. The shares were purchased at an average price of $12.56 per share, with a total value of $66,668.48.
Shares of Lifetime Brands Inc. (NASDAQ:LCUT) traded down 0.24% during mid-day trading on Wednesday, hitting $12.52. The stock had a trading volume of 11,871 shares. The firm has a market cap of $180.65 million, a price-to-earnings ratio of 16.94 and a beta of 1.24. The company has a 50-day moving average of $13.24 and a 200 day moving average of $14.57. Lifetime Brands Inc. has a one year low of $11.29 and a one year high of $17.80.
Lifetime Brands (NASDAQ:LCUT) last released its earnings results on Tuesday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. The firm had revenue of $118.10 million for the quarter, compared to analyst estimates of $123.35 million. Lifetime Brands had a return on equity of 6.91% and a net margin of 1.84%. The company’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. On average, equities research analysts forecast that Lifetime Brands Inc. will post $1.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, November 1st will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, October 28th. Lifetime Brands’s dividend payout ratio (DPR) is currently 22.97%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. acquired a new stake in Lifetime Brands during the second quarter worth about $324,000. California State Teachers Retirement System raised its stake in shares of Lifetime Brands by 1.7% in the second quarter. California State Teachers Retirement System now owns 23,170 shares of the company’s stock valued at $338,000 after buying an additional 393 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Lifetime Brands by 3.8% in the second quarter. Bank of New York Mellon Corp now owns 78,906 shares of the company’s stock valued at $1,152,000 after buying an additional 2,899 shares during the last quarter. Strs Ohio raised its stake in shares of Lifetime Brands by 11.2% in the second quarter. Strs Ohio now owns 32,000 shares of the company’s stock valued at $466,000 after buying an additional 3,230 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Lifetime Brands by 645.1% in the second quarter. Acadian Asset Management LLC now owns 154,349 shares of the company’s stock valued at $2,252,000 after buying an additional 133,634 shares during the last quarter. 57.53% of the stock is currently owned by hedge funds and other institutional investors.
Lifetime Brands Company Profile
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company has three business segments: U.S. Wholesale, which designs, markets and distributes its products to retailers and distributors; International, which operates certain business operations that are conducted outside the United States, and Retail Direct, which markets and sells a limited selection of its products through its Pfaltzgraff, Mikasa, Built NY, Fred & Friends and Lifetime Sterling Internet Websites.
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