Corsair Capital Management L.P. Invests $393,000 in Lifeway Foods, Inc. (NASDAQ:LWAY)

Corsair Capital Management L.P. purchased a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,143 shares of the company’s stock, valued at approximately $393,000. Corsair Capital Management L.P. owned approximately 0.10% of Lifeway Foods at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new stake in shares of Lifeway Foods during the third quarter worth approximately $1,237,000. Acadian Asset Management LLC raised its stake in shares of Lifeway Foods by 184.0% during the second quarter. Acadian Asset Management LLC now owns 46,184 shares of the company’s stock valued at $589,000 after purchasing an additional 29,922 shares in the last quarter. Cornercap Investment Counsel Inc. bought a new stake in shares of Lifeway Foods during the second quarter valued at about $539,000. American Century Companies Inc. bought a new stake in shares of Lifeway Foods during the second quarter valued at about $593,000. Finally, Marshall Wace LLP raised its stake in shares of Lifeway Foods by 48.5% during the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after purchasing an additional 32,742 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

Insider Activity at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 4,584 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $19.55, for a total value of $89,617.20. Following the completion of the sale, the insider now directly owns 1,085,549 shares in the company, valued at approximately $21,222,482.95. The trade was a 0.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 18.86% of the stock is currently owned by company insiders.

Lifeway Foods Price Performance

NASDAQ:LWAY opened at $24.57 on Wednesday. Lifeway Foods, Inc. has a fifty-two week low of $9.93 and a fifty-two week high of $28.61. The stock’s 50-day moving average is $25.29 and its two-hundred day moving average is $18.83. The stock has a market cap of $364.13 million, a PE ratio of 28.57 and a beta of 1.05.

Wall Street Analyst Weigh In

LWAY has been the topic of a number of recent analyst reports. Noble Financial cut shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. StockNews.com started coverage on shares of Lifeway Foods in a research report on Friday, November 22nd. They issued a “hold” rating on the stock.

Lifeway Foods Company 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. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.