LifeVantage (NASDAQ:LFVN) Shares Cross Above Two Hundred Day Moving Average of $3.75

Shares of LifeVantage Co. (NASDAQ:LFVN – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.75 and traded as high as $4.50. LifeVantage shares last traded at $4.06, with a volume of 110,428 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on LifeVantage in a research note on Thursday. They issued a “strong-buy” rating on the stock.

LifeVantage Stock Performance

The stock has a 50 day moving average of $3.66 and a two-hundred day moving average of $3.76. The firm has a market capitalization of $58.37 million, a P/E ratio of -76.00 and a beta of 1.09.

LifeVantage Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.07%. This is an increase from LifeVantage’s previous quarterly dividend of $0.03. LifeVantage’s payout ratio is presently -200.00%.

Institutional Investors Weigh In On LifeVantage

A number of institutional investors and hedge funds have recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in LifeVantage by 30.3% in the first quarter. American Century Companies Inc. now owns 46,016 shares of the company’s stock valued at $219,000 after purchasing an additional 10,706 shares during the last quarter. BlackRock Inc. increased its holdings in LifeVantage by 10.5% in the first quarter. BlackRock Inc. now owns 249,547 shares of the company’s stock valued at $1,188,000 after purchasing an additional 23,788 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in LifeVantage by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 271,614 shares of the company’s stock valued at $1,293,000 after purchasing an additional 11,964 shares during the last quarter. State Street Corp increased its holdings in LifeVantage by 7.6% in the first quarter. State Street Corp now owns 46,191 shares of the company’s stock valued at $220,000 after purchasing an additional 3,281 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new stake in LifeVantage in the first quarter valued at about $234,000. Institutional investors own 29.69% of the company’s stock.

LifeVantage Company Profile

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LifeVantage Corp. engages in the identification, research, development and distribution of advanced nutraceutical dietary supplements and personal care products. The firm operates through the following geographical segments: Americas Region, and Asia/Pacific and Europe Region. Its products include Protandim, LifeVantage Omega+ and ProBio, TrueScience and Petandim for dogs.