FitLife Brands director Matthew Lingenbrink acquires $34,089 in stock

Published 02/04/2025, 13:04
FitLife Brands director Matthew Lingenbrink acquires $34,089 in stock

OMAHA, NE—Matthew Lingenbrink, a director at FitLife Brands, Inc. (OTC:FTLF), recently acquired 2,800 shares of the company’s common stock. The transaction, which took place on March 31, 2025, involved a purchase at an average price of $12.1748 per share, amounting to a total value of $34,089. According to InvestingPro analysis, the stock is currently trading near its 52-week low of $11.51, with a modest P/E ratio of 13.3x.

This acquisition increases Lingenbrink’s direct ownership to 2,800 shares. FitLife Brands, based in Omaha, Nebraska, operates within the medicinal chemicals and botanical products sector. The company has demonstrated strong performance with 22% revenue growth and maintains a "Great" financial health score. InvestingPro subscribers can access 12 additional exclusive insights about FTLF’s valuation and growth prospects.

In other recent news, FitLife Brands reported a 13% year-over-year increase in Q4 2024 revenue, reaching $15 million, with online sales contributing significantly to this growth. The company also reported earnings per share of $0.23, surpassing the forecasted $0.21. Despite these positive results, the company anticipates a 4-6% revenue decline in Q1 2025 compared to the previous year. Analyst feedback from Lake Street Capital Markets and Roth Capital Partners (WA:CPAP) highlighted concerns over potential tariff impacts on ingredient sourcing, which could affect future costs and supply chain stability.

Additionally, FitLife Brands is exploring mergers and acquisitions to drive growth, with a focus on optimizing its brand portfolio. The company experienced a commercial dispute with GNC, its largest customer, which affected Q4 numbers, though the issue has since been resolved. FitLife Brands continues to focus on strategic initiatives, including the launch of new MusclePharm products in Vitamin Shoppe stores. The company is also taking steps to mitigate tariff impacts by sourcing ingredients from alternative suppliers, with India being a promising location.

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