FitLife Brands’s (FTLF) Focus on Online Business is Paying Off

Alluvial Capital Management, an investment advisory firm, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. The fund had a quiet third quarter rising 4.8%. Comparable indexes fared better with the Russell 2000 Index’s 9.8% return and the Russell MicroCap Index’s 9.9% return. Alluvial Fund had a net return of 15.7% year-to-date, which takes it above benchmarks. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Alluvial Capital Management highlighted stocks like FitLife Brands, Inc. (NASDAQ:FTLF) in the third quarter 2024 investor letter. FitLife Brands, Inc. (NASDAQ:FTLF) is a nutritional supplements provider. The one-month return of FitLife Brands, Inc. (NASDAQ:FTLF) was 0.95%, and its shares gained 64.15% of their value over the last 52 weeks. On November 21, 2024, FitLife Brands, Inc. (NASDAQ:FTLF) stock closed at $32.01 per share with a market capitalization of $147.19 million.

Alluvial Capital Management stated the following regarding FitLife Brands, Inc. (NASDAQ:FTLF) in its Q3 2024 investor letter:

“FitLife Brands, Inc. (NASDAQ:FTLF) recorded another strong quarter, with revenues up 15% year over year and earnings per share up 33%. The company’s decision to concentrate on online sales continues to pay off in the form of higher gross margins, which reached nearly 45% in the second quarter. Musclepharm, acquired by FitLife nearly a year ago, is performing well, though it will take time to rebuild relationships with former wholesalers. FitLife is rapidly reducing acquisition debt and should soon be in position to perform another meaningful acquisition. I trust CEO Dayton Judd to find a great one.”

FitLife Brands, Inc. (NASDAQ:FTLF) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 2 hedge fund portfolios held FitLife Brands, Inc. (NASDAQ:FTLF) at the end of the third quarter which was 2 in the previous quarter. While we acknowledge the potential of FitLife Brands, Inc. (NASDAQ:FTLF) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed FitLife Brands, Inc. (NASDAQ:FTLF) and shared River Oaks Capital’s views on the company. In Q2 2024 investor letter, Alluvial Capital Management shared its optimism on FitLife Brands, Inc.’s (NASDAQ:FTLF) MusclePharm acquisition. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors.

READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.

Disclosure: None. This article is originally published at Insider Monkey.