Lifetime Brands, Inc. (NASDAQ:LCUT) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its position in Lifetime Brands, Inc. (NASDAQ:LCUT) by 22.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,936 shares of the company’s stock after selling 6,054 shares during the quarter. GSA Capital Partners LLP owned 0.09% of Lifetime Brands worth $137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in Lifetime Brands in the 2nd quarter worth $87,000. Rhumbline Advisers lifted its stake in shares of Lifetime Brands by 579.0% in the second quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock worth $113,000 after acquiring an additional 11,233 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Lifetime Brands by 28.5% in the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock valued at $177,000 after purchasing an additional 4,575 shares during the last quarter. Panagora Asset Management Inc. acquired a new stake in Lifetime Brands during the 2nd quarter valued at approximately $450,000. Finally, Renaissance Technologies LLC increased its holdings in Lifetime Brands by 14.8% during the 2nd quarter. Renaissance Technologies LLC now owns 108,051 shares of the company’s stock worth $928,000 after purchasing an additional 13,900 shares during the last quarter. 40.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LCUT has been the subject of several research analyst reports. DA Davidson increased their target price on Lifetime Brands from $13.50 to $14.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Canaccord Genuity Group decreased their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Saturday, November 9th.

Lifetime Brands Stock Performance

LCUT stock opened at $5.89 on Tuesday. The stock’s 50 day simple moving average is $6.11 and its 200 day simple moving average is $7.68. Lifetime Brands, Inc. has a 12-month low of $5.25 and a 12-month high of $11.68. The firm has a market cap of $130.50 million, a P/E ratio of -5.95, a P/E/G ratio of 0.75 and a beta of 1.26. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88.

Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. The business had revenue of $183.84 million for the quarter, compared to analyst estimates of $193.90 million. During the same period last year, the company posted $0.36 earnings per share. As a group, equities research analysts predict that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, January 31st. Lifetime Brands’s dividend payout ratio (DPR) is presently -17.17%.

Lifetime Brands 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.