FitLife Brands (NASDAQ:FTLF) Now Covered by Lake Street Capital

Lake Street Capital started coverage on shares of FitLife Brands (NASDAQ:FTLF) in a report issued on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $21.00 price objective on the stock.

FitLife Brands Stock Performance

Shares of FTLF opened at $13.68 on Monday. The company has a 50-day simple moving average of $15.18 and a 200-day simple moving average of $15.91. The company has a quick ratio of 0.64, a current ratio of 1.50 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $125.99 million, a PE ratio of 16.19 and a beta of 0.95. FitLife Brands has a 52-week low of $10.75 and a 52-week high of $17.75.

Hedge Funds Weigh In On FitLife Brands

Several hedge funds have recently added to or reduced their stakes in the business. Mink Brook Asset Management LLC purchased a new position in FitLife Brands during the 4th quarter valued at about $1,251,000. Geode Capital Management LLC increased its holdings in FitLife Brands by 4.7% during the 4th quarter. Geode Capital Management LLC now owns 23,202 shares of the company’s stock valued at $757,000 after acquiring an additional 1,045 shares in the last quarter. Northern Trust Corp purchased a new position in FitLife Brands during the 4th quarter valued at about $409,000. 683 Capital Management LLC purchased a new position in FitLife Brands during the 4th quarter valued at about $384,000. Finally, Bard Associates Inc. purchased a new position in FitLife Brands during the 4th quarter valued at about $211,000. 2.32% of the stock is currently owned by hedge funds and other institutional investors.

FitLife Brands Company Profile

FitLife Brands, Inc provides nutritional supplements for health-conscious consumers in the United States and internationally. The company provides weight loss, sports nutrition, and general health products; sports nutrition products; weight loss and sports nutrition products; sports nutrition and general wellness formulations with an emphasis on natural, vegan, and organic ingredients; and male health and weight loss products, as well as other diet, health, and sports nutrition supplements and related products; and value-oriented sports nutrition and weight loss products.