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OMAHA, NE—Matthew Lingenbrink, a director at FitLife Brands, Inc. (NASDAQ:FTLF), recently acquired 3,000 shares of the company’s common stock, according to a recent SEC filing. The shares were purchased on April 14 at a price of $12.17 per share, totaling approximately $36,510. According to InvestingPro data, this purchase comes as the stock trades at an attractive valuation with a P/E ratio of 11.4, while analysts have set price targets between $20-21.
This transaction follows the Board of Directors’ decision to temporarily extend the trading window under the company’s Insider Trading Policy. This decision was made after FitLife Brands disclosed the expected range of operating results for the quarter ending March 31, 2025, and confirmed the absence of any undisclosed material information. The company maintains strong financial health, earning a "GREAT" rating from InvestingPro, with revenue growth of 22% over the last twelve months.
Following this purchase, Lingenbrink now holds 5,800 shares of FitLife Brands’ common stock directly. The transaction highlights the director’s increased stake in the company as it navigates its financial performance for the year, despite the stock’s 25% decline year-to-date. For deeper insights into FTLF’s valuation and growth prospects, investors can access the comprehensive research report available on InvestingPro.
In other recent news, FitLife Brands reported a 13% year-over-year increase in revenue for Q4 2024, reaching $15 million. This growth was largely driven by a 12% rise in online sales, which now account for 67% of the company’s total revenue. The company’s earnings per share (EPS) for the quarter stood at $0.23, surpassing the forecast of $0.21. Despite these positive results, FitLife Brands anticipates a 4-6% revenue decline for Q1 2025. Analysts from Roth Capital Partners (WA:CPAP) have noted the company’s strategic focus on mergers and acquisitions as a potential growth driver. The company also settled a commercial dispute with GNC, resuming product shipments to their distribution centers. Additionally, FitLife Brands is addressing potential tariff impacts by exploring alternative suppliers for ingredient sourcing.
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