Tower Research Capital LLC TRC Grows Stake in Lifetime Brands, Inc. (NASDAQ:LCUT)

Tower Research Capital LLC TRC increased its holdings in Lifetime Brands, Inc. (NASDAQ:LCUT) by 489.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,255 shares of the company’s stock after acquiring an additional 3,533 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Lifetime Brands were worth $29,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LCUT. Gamco Investors INC. ET AL increased its stake in Lifetime Brands by 350.0% in the 3rd quarter. Gamco Investors INC. ET AL now owns 90,000 shares of the company’s stock worth $507,000 after acquiring an additional 70,000 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Lifetime Brands by 132.3% in the third quarter. Acadian Asset Management LLC now owns 233,970 shares of the company’s stock worth $1,316,000 after purchasing an additional 133,268 shares during the last quarter. Quadrature Capital Ltd raised its stake in Lifetime Brands by 123.3% in the third quarter. Quadrature Capital Ltd now owns 43,713 shares of the company’s stock valued at $246,000 after purchasing an additional 24,139 shares in the last quarter. Legato Capital Management LLC bought a new stake in Lifetime Brands during the fourth quarter valued at approximately $542,000. Finally, Pacific Ridge Capital Partners LLC grew its stake in Lifetime Brands by 1.9% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 717,774 shares of the company’s stock worth $4,041,000 after buying an additional 13,233 shares in the last quarter. Institutional investors own 40.62% of the company’s stock.

Lifetime Brands Trading Up 1.2 %

Shares of LCUT traded up $0.11 during mid-day trading on Friday, reaching $9.40. The company’s stock had a trading volume of 48,007 shares, compared to its average volume of 49,766. Lifetime Brands, Inc. has a 52 week low of $4.31 and a 52 week high of $11.08. The stock has a market cap of $207.46 million, a PE ratio of -24.10, a P/E/G ratio of 0.92 and a beta of 1.38. The company’s fifty day moving average price is $9.83 and its two-hundred day moving average price is $7.96. The company has a current ratio of 2.48, a quick ratio of 1.24 and a debt-to-equity ratio of 0.85.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Lifetime Brands had a positive return on equity of 4.84% and a negative net margin of 1.23%. The business had revenue of $203.14 million during the quarter, compared to the consensus estimate of $196.48 million. On average, analysts predict that Lifetime Brands, Inc. will post 0.72 earnings per share for the current fiscal year.

Lifetime Brands Dividend Announcement

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 $0.043 per share. The ex-dividend date is Tuesday, April 30th. This represents a $0.17 annualized dividend and a yield of 1.83%. Lifetime Brands’s payout ratio is -43.59%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of Lifetime Brands from $8.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. TheStreet raised Lifetime Brands from a “d+” rating to a “c-” rating in a research note on Monday, March 11th. Finally, DA Davidson lifted their price target on Lifetime Brands from $9.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, March 25th.

Lifetime Brands 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.