Pacific Ridge Capital Partners LLC has $4.95M position in Lifetime Brands, Inc. (NASDAQ:LCUT)

Pacific Ridge Capital Partners LLC reduced its holdings in shares of Lifetime Brands, Inc. (NASDAQ:LCUT – Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 576,635 shares of the company’s stock after selling 24,318 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 2.61% of Lifetime Brands worth $4,953,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LCUT. Empowered Funds LLC purchased a new stake in shares of Lifetime Brands in the 1st quarter worth about $726,000. Acadian Asset Management LLC boosted its holdings in shares of Lifetime Brands by 20.4% in the second quarter. Acadian Asset Management LLC now owns 318,957 shares of the company’s stock valued at $2,737,000 after purchasing an additional 54,142 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Lifetime Brands by 22.8% in the second quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock valued at $1,299,000 after buying an additional 28,104 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Lifetime Brands in the second quarter valued at $450,000. Finally, Chemistry Wealth Management LLC purchased a new stake in Lifetime Brands in the first quarter valued at $235,000. 40.62% of shares are held by institutional investors.

Brand stock performance for life

Shares of Lifetime Brands opened at $6.40 on Friday. The firm has a market cap of $141.27 million, a P/E ratio of -23.70, a price-to-earnings-growth ratio of 0.66 and a beta of 1.25. The company has a current ratio of 2.35, a quick ratio of 0.92, and a debt-to-equity ratio of 0.75. The company’s fifty-day simple moving average is $7.27, and its 200-day simple moving average is $8.82. Lifetime Brands, Inc. has a 12-month low of $4.86 and a 12-month high of $11.68.

Lifetime Brands (NASDAQ:LCUT – Get Free Report ) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Lifetime Brands had a positive return on equity of 4.51% and a negative net margin of 2.58%. The company had revenue of $141.67 million during the quarter, compared to analysts’ expectations of $41.90 million. During the same period last year, the company posted ($0.02) earnings per share. As a group, analysts anticipate that Lifetime Brands, Inc. will record 0.7 EPS for the current year.

Lifetime Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.043 per share. The ex-dividend date of this dividend is Friday, November 1. This represents an annualized dividend of $0.17 and a dividend yield of 2.69%. Lifetime Brands’ payout ratio is currently -62.96%.

The Wall Street analyst weighs in

A number of equities analysts have issued reports on LCUT shares. StockNews.com downgraded shares of Lifetime Brands from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 6th. DA Davidson boosted their target price on shares of Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Monday, August 12th.

Read our latest stock analysis on lifetime brands

Brands profile for life

(Free Report)

Lifetime Brands, Inc designs, supplies and sells branded kitchenware, tableware and other products for home use around the world. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, scissors, cookware, pantry, spice racks and baking dishes; and tableware, including dinnerware, tableware, cutlery and gifts.

Further reading

Want to see what other hedge funds LCUT owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Lifetime Brands, Inc. (NASDAQ:LCUT – Free Report).

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