Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins Purchases 990 Shares

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins acquired 990 shares of Lakeland Industries stock in a transaction dated Monday, December 30th. The shares were bought at an average cost of $25.35 per share, with a total value of $25,096.50. Following the completion of the purchase, the chief executive officer now owns 990 shares in the company, valued at approximately $25,096.50. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lakeland Industries Stock Performance

Shares of LAKE stock opened at $25.81 on Friday. The company has a market capitalization of $191.15 million, a price-to-earnings ratio of -286.78 and a beta of 0.63. Lakeland Industries, Inc. has a 1-year low of $15.10 and a 1-year high of $26.10. The company has a current ratio of 4.23, a quick ratio of 2.00 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is $21.99 and its 200-day simple moving average is $22.03.

Lakeland Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were issued a $0.03 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.46%. Lakeland Industries’s dividend payout ratio is -133.33%.

Wall Street Analyst Weigh In

LAKE has been the subject of a number of recent analyst reports. StockNews.com lowered Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Roth Mkm lifted their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th.

Institutional Trading of Lakeland Industries

A number of hedge funds have recently made changes to their positions in the stock. Huntington National Bank purchased a new position in Lakeland Industries during the third quarter valued at approximately $41,000. Inspire Advisors LLC purchased a new position in shares of Lakeland Industries during the 2nd quarter valued at $222,000. Empowered Funds LLC increased its stake in shares of Lakeland Industries by 4.6% in the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after acquiring an additional 536 shares during the last quarter. Barclays PLC purchased a new stake in shares of Lakeland Industries during the third quarter worth $306,000. Finally, High Falls Advisors Inc raised its holdings in shares of Lakeland Industries by 35.8% during the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock worth $447,000 after acquiring an additional 5,137 shares in the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

About Lakeland Industries

Lakeland Industries, Inc manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers firefighting and heat protective apparel to protect against fire; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks.