Today it was reported that the SVP-Finance,CFO and Treasurer of Lifetime Brands (NASDAQ: LCUT), Laurence Winoker, exercised options to buy 5,000 LCUT shares at $4.60 a share, for a total transaction value of $23K.
This recent transaction increases Laurence Winoker’s holding in the company by 16.02% to a total of $407.3K. In addition to Laurence Winoker, 2 other LCUT executives reported Buy trades in the last month.
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Based on Lifetime Brands’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $149 million and GAAP net loss of $6.06 million. In comparison, last year the company earned revenue of $117 million and had a GAAP net loss of $2.1 million. Currently, Lifetime Brands has an average volume of 4,097.
In the last 30 days, insiders have sold $35.17K worth of LCUT shares and purchased $23K worth of LCUT shares. The insider sentiment on Lifetime Brands has been negative according to 44 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Lifetime Brands, Inc. engages in the design, sourcing, and sale of branded kitchenware, and tableware used in the home. It operates through the following segments: U.S. Wholesale, International, and Retail Direct.
