Nationwide Fund Advisors grew its stake in shares of Lifetime Brands, Inc. (NASDAQ:LCUT) by 27.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,176 shares of the company’s stock after acquiring an additional 16,203 shares during the period. Nationwide Fund Advisors owned about 0.51% of Lifetime Brands worth $1,346,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. American International Group Inc. grew its stake in shares of Lifetime Brands by 7.1% during the 1st quarter. American International Group Inc. now owns 6,802 shares of the company’s stock valued at $137,000 after buying an additional 449 shares during the period. Wells Fargo & Company MN grew its stake in shares of Lifetime Brands by 53.9% during the 2nd quarter. Wells Fargo & Company MN now owns 10,281 shares of the company’s stock valued at $186,000 after buying an additional 3,599 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of Lifetime Brands during the 2nd quarter valued at $192,000. Eagle Global Advisors LLC grew its stake in shares of Lifetime Brands by 3.9% during the 2nd quarter. Eagle Global Advisors LLC now owns 19,202 shares of the company’s stock valued at $349,000 after buying an additional 720 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Lifetime Brands by 2.5% during the 1st quarter. Bank of America Corp DE now owns 19,766 shares of the company’s stock valued at $397,000 after buying an additional 477 shares during the period. Hedge funds and other institutional investors own 57.23% of the company’s stock.
In other news, Director Craig Phillips sold 7,500 shares of the stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $19.11, for a total transaction of $143,325.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Ronald Shiftan sold 4,480 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $16.92, for a total transaction of $75,801.60. Following the transaction, the insider now owns 130,823 shares in the company, valued at approximately $2,213,525.16. The disclosure for this sale can be found here. Company insiders own 21.25% of the company’s stock.
Separately, BidaskClub raised shares of Lifetime Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th.
Shares of Lifetime Brands, Inc. (NASDAQ LCUT) traded up $0.05 during trading hours on Monday, hitting $17.30. 8,718 shares of the company were exchanged, compared to its average volume of 19,856. The company has a current ratio of 3.53, a quick ratio of 1.18 and a debt-to-equity ratio of 0.49. Lifetime Brands, Inc. has a twelve month low of $13.80 and a twelve month high of $21.20. The company has a market cap of $255.27, a P/E ratio of 12.50 and a beta of 0.99.
Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Tuesday, August 8th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.11). The firm had revenue of $117.40 million during the quarter, compared to the consensus estimate of $121.59 million. Lifetime Brands had a return on equity of 10.27% and a net margin of 2.99%. Lifetime Brands’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $0.01 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 1st will be issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Tuesday, October 31st. Lifetime Brands’s dividend payout ratio (DPR) is presently 14.05%.
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Lifetime Brands Profile
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
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