Centre Partners V, L.P. Purchases 18,387 Shares of Lifetime Brands Inc (LCUT) Stock

Lifetime Brands Inc (NASDAQ:LCUT) major shareholder Centre Partners V, L.P. acquired 18,387 shares of the firm’s stock in a transaction dated Thursday, December 6th. The stock was bought at an average price of $12.15 per share, with a total value of $223,402.05. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more 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, December 3rd, Centre Partners V, L.P. acquired 10,625 shares of Lifetime Brands stock. The stock was bought at an average price of $12.12 per share, with a total value of $128,775.00.
  • On Wednesday, November 28th, Centre Partners V, L.P. acquired 848 shares of Lifetime Brands stock. The stock was bought at an average price of $11.33 per share, with a total value of $9,607.84.
  • On Monday, November 19th, Centre Partners V, L.P. acquired 10,453 shares of Lifetime Brands stock. The stock was bought at an average price of $10.75 per share, with a total value of $112,369.75.
  • On Wednesday, November 14th, Centre Partners V, L.P. acquired 7,960 shares of Lifetime Brands stock. The stock was bought at an average price of $10.37 per share, with a total value of $82,545.20.
  • On Monday, November 12th, Centre Partners V, L.P. acquired 5,212 shares of Lifetime Brands stock. The stock was bought at an average price of $10.23 per share, with a total value of $53,318.76.

Shares of NASDAQ LCUT traded down $0.14 during mid-day trading on Thursday, hitting $12.11. The company had a trading volume of 16,700 shares, compared to its average volume of 32,556. The stock has a market capitalization of $254.34 million, a price-to-earnings ratio of 16.92 and a beta of 1.02. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.09 and a quick ratio of 1.38. Lifetime Brands Inc has a one year low of $9.00 and a one year high of $19.25.



Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.36). The company had revenue of $209.45 million during the quarter. Lifetime Brands had a negative net margin of 1.59% and a positive return on equity of 0.52%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be issued a $0.0425 dividend. This represents a $0.17 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Thursday, January 31st. Lifetime Brands’s payout ratio is 23.94%.

A number of institutional investors have recently bought and sold shares of LCUT. Brown Advisory Inc. bought a new position in Lifetime Brands during the second quarter worth about $5,165,000. Boston Partners bought a new position in Lifetime Brands during the second quarter worth about $1,895,000. Russell Investments Group Ltd. bought a new position in Lifetime Brands during the second quarter worth about $1,540,000. BlackRock Inc. grew its holdings in Lifetime Brands by 15.2% during the second quarter. BlackRock Inc. now owns 850,187 shares of the company’s stock worth $10,754,000 after purchasing an additional 111,957 shares during the period. Finally, Teton Advisors Inc. bought a new position in Lifetime Brands during the second quarter worth about $1,071,000. Institutional investors and hedge funds own 46.48% of the company’s stock.

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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 three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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Insider Buying and Selling by Quarter for Lifetime Brands (NASDAQ:LCUT)

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