Lifetime Brands Inc (NASDAQ:LCUT), saw an insider increase his position with the company. Vice Chair of the Board and COO Ronald Shiftan acquired 16,949 shares of common stock at an average price of $5.32 per share.
Following this transaction, Shiftan directly holds 105,070 shares in the company. Lifetime Brands Inc (NASDAQ:LCUT), is a $222.60 million market cap company that designs, sources and sells branded kitchenware, tabletop and other products used in the home. The company has two two categories of products: Kitchenware, consisting primarily of kitchen tools and gadgets, cutlery, cutting boards, bakeware and cookware, and Tabletop, consisting primarily of dinnerware.
In addition, hedge funds involved with the company have altered their holdings in recent months. Thomas E. Lynch‘s Mill Road Capital Management, rose it’s exposure by 1%, and now holds 646,695 shares worth about $11.5 million; while Brian C. Freckmann‘s Lyon Street Capital decreased it’s activity by 27%, and now has 373,866 worth approximately $6.6 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.