Ludmila Smolyansky, a member of the 10% owner group of Lifeway Foods, Inc. (NASDAQ:LWAY), recently sold a significant amount of company stock, totaling over $400,000. These transactions, which took place on May 9 and May 13, 2024, were executed at varying prices, indicating a weighted average price range between $26.56 and $27.93 per share.
On May 9, Smolyansky sold 5,000 shares at an average price of $27.93, while on May 13, an additional 10,000 shares were sold at an average price of $26.56. The total value of the shares sold across both dates amounted to approximately $405,250. Following these transactions, Smolyansky still maintains a substantial stake in the company, with 1,214,753 shares remaining under indirect ownership.
The shares are held indirectly through the Ludmila Smolyansky Trust, established on February 1, 2005, for which Ludmila Smolyansky serves as the trustee. Additionally, a portion of the shares is owned by The Smolyansky Family Foundation, also under Smolyansky's trusteeship.
Investors and market watchers often keep a close eye on insider transactions such as these, as they can provide valuable insights into the perspectives of those most intimately familiar with the company. While the reasons behind Smolyansky's decision to sell a portion of her holdings are not disclosed, the transactions are now part of the public record, offering transparency to the investing public.
Lifeway Foods, Inc., headquartered in Morton Grove, Illinois, is known for its dairy products and operates within the manufacturing sector. The company's stock is traded on the NASDAQ under the ticker symbol LWAY.
InvestingPro Insights
Lifeway Foods, Inc. (NASDAQ:LWAY) has caught the attention of investors not only due to insider transactions but also because of its impressive financial metrics and market performance. An analysis of real-time data from InvestingPro provides a deeper look into the company's financial health and stock activity.
The company's market capitalization stands at a robust $393.28 million, reflecting its significant presence in the industry. Despite trading at a high earnings multiple with a P/E ratio of 34.93, Lifeway Foods has demonstrated substantial growth, with revenue increasing by 13.11% over the last twelve months as of Q4 2023. This is further bolstered by a quarterly revenue growth of 17.45% in Q1 2023, indicating a strong upward trajectory for the company's sales figures.
Investors might also be intrigued by the company's stock performance. An InvestingPro Tip highlights that Lifeway Foods has seen a significant return over the last week, with a 9.22% price total return. Moreover, the stock has experienced a remarkable year-to-date price total return of 100.6%, showcasing its potential for high returns for shareholders. These returns are a testament to the stock's resilience and appeal in the market.
For those looking to delve deeper into the financial prospects of Lifeway Foods, there are additional InvestingPro Tips available, including insights on the company's cash flow and liquidity. For example, Lifeway Foods holds more cash than debt on its balance sheet and has liquid assets that exceed its short-term obligations, providing a cushion for operational needs and potential investments. In total, there are 14 additional InvestingPro Tips that can be accessed, offering comprehensive analysis and guidance for potential investors.
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