Pacific Ridge Capital Partners LLC Grows Stock Holdings in Lifetime Brands, Inc. (NASDAQ:LCUT)

Pacific Ridge Capital Partners LLC increased its stake in Lifetime Brands, Inc. (NASDAQ:LCUT) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 554,805 shares of the company’s stock after purchasing an additional 17,698 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Lifetime Brands were worth $3,279,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in shares of Lifetime Brands by 744.1% in the 4th quarter. JPMorgan Chase & Co. now owns 45,589 shares of the company’s stock worth $269,000 after buying an additional 40,188 shares during the last quarter. Martin & Co. Inc. TN lifted its holdings in Lifetime Brands by 41.2% in the fourth quarter. Martin & Co. Inc. TN now owns 331,939 shares of the company’s stock valued at $1,962,000 after acquiring an additional 96,816 shares during the period. Empowered Funds LLC lifted its holdings in Lifetime Brands by 5.2% in the fourth quarter. Empowered Funds LLC now owns 101,073 shares of the company’s stock valued at $597,000 after acquiring an additional 4,980 shares during the period. Barclays PLC boosted its position in Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after purchasing an additional 5,302 shares during the last quarter. Finally, Hohimer Wealth Management LLC bought a new stake in shares of Lifetime Brands during the 3rd quarter valued at about $133,000. Institutional investors own 40.62% of the company’s stock.

Lifetime Brands Stock Performance

NASDAQ:LCUT opened at $5.13 on Thursday. The stock has a 50-day simple moving average of $5.41 and a two-hundred day simple moving average of $5.84. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. Lifetime Brands, Inc. has a 52-week low of $4.70 and a 52-week high of $11.68. The firm has a market capitalization of $113.70 million, a PE ratio of -5.18, a P/E/G ratio of 0.48 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last released its earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $215.21 million during the quarter, compared to analyst estimates of $206.60 million. Analysts forecast that Lifetime Brands, Inc. will post 0.55 EPS for the current year.

Lifetime Brands Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.0425 per share. The ex-dividend date is Thursday, May 1st. This represents a $0.17 annualized dividend and a dividend yield of 3.31%. Lifetime Brands’s payout ratio is -23.94%.

Analyst Upgrades and Downgrades

LCUT has been the topic of several recent research reports. DA Davidson lowered their price objective on shares of Lifetime Brands from $6.75 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, March 20th. StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th.

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.