Pacific Ridge Capital Partners LLC Buys 17,698 Shares of Lifetime Brands, Inc. (NASDAQ:LCUT)

Pacific Ridge Capital Partners LLC boosted its stake in Lifetime Brands, Inc. (NASDAQ:LCUT) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 554,805 shares of the company’s stock after buying an additional 17,698 shares during the period. Pacific Ridge Capital Partners LLC owned 2.50% of Lifetime Brands worth $3,279,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC bought a new stake in shares of Lifetime Brands during the third quarter valued at approximately $67,000. BNP Paribas Financial Markets lifted its position in Lifetime Brands by 657.8% during the third quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock valued at $118,000 after buying an additional 15,708 shares during the period. Barclays PLC grew its position in shares of Lifetime Brands by 38.7% in the 3rd quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after buying an additional 5,302 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Lifetime Brands in the 3rd quarter worth about $128,000. Finally, Hohimer Wealth Management LLC purchased a new position in Lifetime Brands during the 3rd quarter valued at about $133,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. DA Davidson dropped their price target on Lifetime Brands from $6.75 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, March 20th.

Lifetime Brands Stock Performance

Shares of Lifetime Brands stock opened at $5.13 on Thursday. Lifetime Brands, Inc. has a 1 year low of $4.70 and a 1 year high of $11.68. The firm’s 50-day moving average is $5.41 and its 200 day moving average is $5.84. The stock has a market cap of $113.70 million, a price-to-earnings ratio of -5.18, a PEG ratio of 0.48 and a beta of 1.35. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97.

Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The firm had revenue of $215.21 million for the quarter, compared to the consensus estimate of $206.60 million. Sell-side analysts anticipate that Lifetime Brands, Inc. will post 0.55 EPS for the current fiscal year.

Lifetime Brands Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 1st will be issued a $0.0425 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Thursday, May 1st. Lifetime Brands’s payout ratio is -23.94%.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.