Centre Partners V, L.P. Purchases 44,502 Shares of Lifetime Brands Inc (LCUT) Stock

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Lifetime Brands Inc (NASDAQ:LCUT) major shareholder Centre Partners V, L.P. bought 44,502 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was bought at an average price of $9.50 per share, with a total value of $422,769.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Centre Partners V, L.P. also recently made the following trade(s):

  • On Monday, May 13th, Centre Partners V, L.P. purchased 3,670 shares of Lifetime Brands stock. The shares were acquired at an average cost of $9.45 per share, with a total value of $34,681.50.
  • On Friday, March 22nd, Centre Partners V, L.P. purchased 100,000 shares of Lifetime Brands stock. The shares were acquired at an average cost of $9.49 per share, with a total value of $949,000.00.
  • On Monday, March 18th, Centre Partners V, L.P. purchased 24,171 shares of Lifetime Brands stock. The shares were acquired at an average cost of $9.42 per share, with a total value of $227,690.82.
  • On Wednesday, March 20th, Centre Partners V, L.P. purchased 124,171 shares of Lifetime Brands stock. The shares were acquired at an average cost of $9.41 per share, with a total value of $1,168,449.11.

Shares of Lifetime Brands stock traded up $0.03 on Wednesday, hitting $9.54. The stock had a trading volume of 36,800 shares, compared to its average volume of 30,463. Lifetime Brands Inc has a 52-week low of $8.01 and a 52-week high of $13.75. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.12 and a current ratio of 2.96. The company has a market capitalization of $199.16 million, a P/E ratio of 34.07 and a beta of 0.97.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, May 9th. The company reported ($0.19) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.22. Lifetime Brands had a return on equity of 3.58% and a net margin of 0.68%. The business had revenue of $149.93 million during the quarter. As a group, analysts forecast that Lifetime Brands Inc will post 0.74 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Tuesday, April 30th. Lifetime Brands’s payout ratio is currently 60.71%.

Several institutional investors have recently bought and sold shares of LCUT. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Lifetime Brands in the 1st quarter valued at about $41,000. Resources Investment Advisors Inc. purchased a new stake in shares of Lifetime Brands in the 4th quarter valued at about $71,000. Rhumbline Advisers lifted its holdings in shares of Lifetime Brands by 43.0% in the 4th quarter. Rhumbline Advisers now owns 16,975 shares of the company’s stock valued at $170,000 after purchasing an additional 5,104 shares during the last quarter. United Asset Strategies Inc. purchased a new stake in shares of Lifetime Brands in the 1st quarter valued at about $173,000. Finally, Weber Alan W purchased a new stake in shares of Lifetime Brands in the 4th quarter valued at about $451,000. 46.36% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine raised Lifetime Brands from a “sell” rating to a “hold” rating in a report on Monday, April 15th.

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About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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