Gabelli Funds LLC lowered its holdings in Lifeway Foods, Inc. (NASDAQ:LWAY) by 12.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,000 shares of the company’s stock after selling 6,000 shares during the quarter. Gabelli Funds LLC’s holdings in Lifeway Foods were worth $96,000 as of its most recent SEC filing.
Separately, Vanguard Group Inc. raised its position in Lifeway Foods by 13.3% in the second quarter. Vanguard Group Inc. now owns 141,151 shares of the company’s stock valued at $514,000 after purchasing an additional 16,520 shares during the period. 8.40% of the stock is owned by institutional investors.
In other Lifeway Foods news, COO Edward Smolyansky sold 19,000 shares of Lifeway Foods stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $2.90, for a total value of $55,100.00. Following the sale, the chief operating officer now owns 1,552,053 shares in the company, valued at $4,500,953.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 51.30% of the stock is owned by insiders.
Lifeway Foods (NASDAQ:LWAY) last posted its earnings results on Monday, August 19th. The company reported ($0.01) EPS for the quarter. Lifeway Foods had a negative net margin of 4.05% and a negative return on equity of 8.95%. The business had revenue of $23.15 million during the quarter.
Lifeway Foods Profile
Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types, including low fat, non-fat, whole milk, protein, BioKefir, and kefir with oats.
Featured Story: Trading Strategy
Want to see what other hedge funds are holding LWAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lifeway Foods, Inc. (NASDAQ:LWAY).
Receive News & Ratings for Lifeway Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifeway Foods and related companies with MarketBeat.com's FREE daily email newsletter.