Lifetime Brands Inc (NASDAQ:LCUT) major shareholder Centre Partners V, L.P. acquired 24,171 shares of Lifetime Brands stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of $9.42 per share, with a total value of $227,690.82. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Friday, March 22nd, Centre Partners V, L.P. bought 100,000 shares of Lifetime Brands stock. The stock was bought at an average price of $9.49 per share, for a total transaction of $949,000.00.
- On Wednesday, March 20th, Centre Partners V, L.P. bought 124,171 shares of Lifetime Brands stock. The stock was bought at an average price of $9.41 per share, for a total transaction of $1,168,449.11.
Shares of Lifetime Brands stock opened at $9.28 on Friday. Lifetime Brands Inc has a one year low of $8.01 and a one year high of $13.75. The firm has a market capitalization of $194.49 million, a P/E ratio of 55.12 and a beta of 0.98. The company has a current ratio of 3.76, a quick ratio of 1.71 and a debt-to-equity ratio of 1.09.
Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, March 14th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.22). The company had revenue of $228.27 million during the quarter. Lifetime Brands had a positive return on equity of 2.01% and a negative net margin of 0.24%.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be given a dividend of $0.0425 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.17 annualized dividend and a dividend yield of 1.83%.
Separately, ValuEngine lowered Lifetime Brands from a “hold” rating to a “sell” rating in a report on Monday, February 4th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Lifetime Brands by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 118,701 shares of the company’s stock worth $1,190,000 after buying an additional 5,007 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Lifetime Brands by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,250,094 shares of the company’s stock valued at $12,538,000 after purchasing an additional 40,757 shares during the last quarter. Weber Alan W bought a new position in Lifetime Brands in the fourth quarter valued at about $451,000. Resources Investment Advisors Inc. bought a new position in Lifetime Brands in the fourth quarter valued at about $71,000. Finally, BlackRock Inc. raised its position in Lifetime Brands by 2.9% in the fourth quarter. BlackRock Inc. now owns 874,261 shares of the company’s stock valued at $8,769,000 after purchasing an additional 24,494 shares during the last quarter. Hedge funds and other institutional investors own 46.93% of the company’s stock.
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 two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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