HighTower Advisors LLC Makes New $638,000 Investment in LifeVantage Co. (NASDAQ:LFVN)

HighTower Advisors LLC bought a new stake in LifeVantage Co. (NASDAQ:LFVN) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 52,743 shares of the company’s stock, valued at approximately $638,000.

Several other hedge funds have also made changes to their positions in the company. Capital Management Corp VA purchased a new stake in shares of LifeVantage during the 3rd quarter valued at approximately $5,073,000. Renaissance Technologies LLC increased its stake in LifeVantage by 2.1% during the second quarter. Renaissance Technologies LLC now owns 855,118 shares of the company’s stock worth $5,490,000 after acquiring an additional 17,300 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in LifeVantage in the second quarter valued at $91,000. Finally, Ritholtz Wealth Management lifted its stake in shares of LifeVantage by 62.0% in the 3rd quarter. Ritholtz Wealth Management now owns 28,666 shares of the company’s stock valued at $346,000 after purchasing an additional 10,974 shares during the last quarter. Hedge funds and other institutional investors own 35.32% of the company’s stock.

Analyst Ratings Changes

Separately, Lake Street Capital assumed coverage on LifeVantage in a research report on Thursday. They set a “buy” rating and a $26.00 price objective for the company.

LifeVantage Price Performance

Shares of LFVN opened at $17.73 on Friday. The firm has a 50-day simple moving average of $13.88 and a two-hundred day simple moving average of $10.24. LifeVantage Co. has a 1-year low of $5.22 and a 1-year high of $18.41. The stock has a market cap of $222.07 million, a PE ratio of 55.41 and a beta of 0.87.

LifeVantage (NASDAQ:LFVN) last posted its earnings results on Tuesday, October 29th. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. LifeVantage had a net margin of 2.11% and a return on equity of 29.24%. The firm had revenue of $47.21 million during the quarter.

LifeVantage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.90%. The ex-dividend date was Monday, December 2nd. LifeVantage’s payout ratio is 50.00%.

About LifeVantage

LifeVantage Corporation engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products. It offers Protandim, a dietary supplement; LifeVantage Omega+, a dietary supplement that combines DHA and EPA Omega-3 fatty acids, Omega-7 fatty acids, and vitamin D3; LifeVantage ProBio, a dietary supplement to support gut health; PhysIQ, a weight management system; LifeVantage IC Bright, a supplement to support eye and brain health, reduce eye fatigue and strain, supports cognitive functions, and support normal sleep patterns; Petandim for Dogs, a supplement to combat oxidative stress in dogs; and Axio, a nootropic energy drink mix.