Ludmila Smolyansky, a member of the 10% owner group of Lifeway Foods, Inc. (NASDAQ:LWAY), has recently sold a total of 5,000 shares of the company's common stock. The transactions, which took place on May 6, 2024, resulted in an aggregate sale value of approximately $133,900.
According to the filing, the shares were sold at a weighted average price of $26.78, with individual transactions occurring within a price range of $26.28 to $27.27. Following the sale, Smolyansky's ownership in the company now stands at 1,229,753 shares held indirectly through trusts.
The shares sold by Smolyansky were held by the Ludmila Smolyansky Trust, established on February 1, 2005, with Smolyansky serving as the trustee. The trust's holding is part of the larger Smolyansky family's interest in the company, which also includes shares held by The Smolyansky Family Foundation.
The recent transaction by Smolyansky adds to the market's understanding of insider activity at Lifeway Foods, a company known for its dairy products. As insiders' transactions are closely monitored by investors for insights into the company's performance and valuation, this sale might be of interest to current and potential shareholders.
Lifeway Foods, based in Morton Grove, Illinois, operates in the dairy industry and is recognized for its manufacturing of kefir and other probiotic beverages. The company's business address is at 6431 W Oakton, Morton Grove, IL, 60053, and it can be contacted at 847-967-1010.
The details of the transaction were made public through a Form 4 filing with the Securities and Exchange Commission, dated May 8, 2024.
InvestingPro Insights
Insider transactions, such as the recent sale of shares by Ludmila Smolyansky, often draw the attention of investors trying to decipher the financial health and future prospects of a company. In the case of Lifeway Foods, Inc. (NASDAQ:LWAY), the market can also look at various financial metrics and analyses to gain a more comprehensive understanding of the company's position.
According to InvestingPro data, Lifeway Foods currently holds a market capitalization of 376.09 million USD, with a Price/Earnings (P/E) ratio of 33.13 as of the last twelve months ending Q4 2023. The company's Price/Book ratio during the same period was 6.22, which is considered high, indicating that the market values the company's assets quite optimistically relative to their accounting value.
From a performance standpoint, Lifeway Foods has shown a significant return over the past year, with a 1 Year Price Total Return of 329.17% as of the date of the article. This aligns with one of the InvestingPro Tips, which highlights the company's strong return over the last year. Additionally, another InvestingPro Tip notes that the stock generally trades with high price volatility, which could be of particular interest to investors looking for dynamic trading opportunities.
For those considering an investment in Lifeway Foods, or for current shareholders looking to deepen their analysis, there are 14 additional InvestingPro Tips available. These tips offer insights into aspects such as the company's liquidity, earnings multiples, and profitability forecasts. Access to these additional tips can be found at https://www.investing.com/pro/LWAY, and readers can use the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription, helping investors make more informed decisions.
With the next earnings date set for May 13, 2024, stakeholders and potential investors will be keen to see how the company's financials have evolved and whether the insider selling aligns with the broader financial trends observed in the company's performance.
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