Rowlandmiller & PARTNERS.ADV Raises Position in Medifast, Inc. (NYSE:MED)

Rowlandmiller & PARTNERS.ADV is a financial services firm that provides investment advisory and management services to clients. In the 3rd quarter of the year, the firm boosted its stake in Medifast, Inc. NYSEMED by 38.5%. This was achieved through the purchase of an additional 2,250 shares of the specialty retailer's stock.

Medifast, Inc. is a leading provider of weight loss and healthy living products and services. The company operates through two segments: Direct-to-Consumer and Wholesale. The Direct-to-Consumer segment includes the sale of dietary supplements, meal replacement shakes, and other health and wellness products directly to consumers through various channels, including e-commerce, retail stores, and direct mail. The Wholesale segment includes the sale of these same products to retailers, restaurants, and other foodservice establishments.

As of the 3rd quarter, Rowlandmiller & PARTNERS.ADV owned a total of 8,087 shares of Medifast, Inc.'s stock. This represents an increase of 38.5% from its previous stake in the company. The firm's decision to boost its position in Medifast, Inc. may be based on its belief in the company's growth potential and its ability to generate strong financial results.