Insider Buying: Lifetime Brands Inc (LCUT) Major Shareholder Purchases 10,625 Shares of Stock

Lifetime Brands Inc (NASDAQ:LCUT) major shareholder Centre Partners V, L.P. acquired 10,625 shares of the stock in a transaction on Monday, December 3rd. The shares were bought at an average price of $12.12 per share, for a total transaction of $128,775.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Centre Partners V, L.P. also recently made the following trade(s):

  • On Thursday, December 6th, Centre Partners V, L.P. acquired 18,387 shares of Lifetime Brands stock. The shares were bought at an average price of $12.15 per share, for a total transaction of $223,402.05.
  • On Wednesday, November 28th, Centre Partners V, L.P. acquired 848 shares of Lifetime Brands stock. The shares were bought at an average price of $11.33 per share, for a total transaction of $9,607.84.
  • On Monday, November 19th, Centre Partners V, L.P. acquired 10,453 shares of Lifetime Brands stock. The shares were bought at an average price of $10.75 per share, for a total transaction of $112,369.75.
  • On Wednesday, November 14th, Centre Partners V, L.P. acquired 7,960 shares of Lifetime Brands stock. The shares were bought at an average price of $10.37 per share, for a total transaction of $82,545.20.
  • On Monday, November 12th, Centre Partners V, L.P. acquired 5,212 shares of Lifetime Brands stock. The shares were bought at an average price of $10.23 per share, for a total transaction of $53,318.76.

Lifetime Brands stock opened at $12.38 on Friday. Lifetime Brands Inc has a one year low of $9.00 and a one year high of $19.25. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.38 and a current ratio of 3.09. The firm has a market cap of $251.43 million, a price-to-earnings ratio of 134.56 and a beta of 1.02.

Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Thursday, November 8th. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.36). Lifetime Brands had a positive return on equity of 0.52% and a negative net margin of 1.59%. The company had revenue of $209.45 million for the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be paid a $0.0425 dividend. The ex-dividend date is Thursday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 1.37%.

Several institutional investors and hedge funds have recently modified their holdings of LCUT. Brown Advisory Inc. bought a new position in shares of Lifetime Brands in the 2nd quarter valued at $5,165,000. Boston Partners bought a new position in shares of Lifetime Brands in the 2nd quarter valued at $1,895,000. Russell Investments Group Ltd. bought a new position in shares of Lifetime Brands in the 2nd quarter valued at $1,540,000. BlackRock Inc. increased its stake in shares of Lifetime Brands by 15.2% in the 2nd quarter. BlackRock Inc. now owns 850,187 shares of the company’s stock valued at $10,754,000 after purchasing an additional 111,957 shares during the last quarter. Finally, Teton Advisors Inc. bought a new position in shares of Lifetime Brands in the 2nd quarter valued at $1,071,000. Institutional investors own 46.48% of the company’s stock.

Separately, BidaskClub upgraded Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday.

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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 three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.

Further Reading: What is a Leveraged Buyout (LBO)?

Insider Buying and Selling by Quarter for Lifetime Brands (NASDAQ:LCUT)

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