Lakeland Industries, Inc. (NASDAQ:LAKE) COO Purchases $44,000.00 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) COO An Hui acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average price of $22.00 per share, for a total transaction of $44,000.00. Following the completion of the transaction, the chief operating officer now owns 53,912 shares in the company, valued at $1,186,064. The trade was a 3.85 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lakeland Industries Price Performance

Shares of LAKE stock traded down $0.07 during mid-day trading on Friday, hitting $22.73. 197,838 shares of the stock traded hands, compared to its average volume of 109,616. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $27.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. The company’s 50-day simple moving average is $23.67 and its 200-day simple moving average is $22.33. The firm has a market cap of $168.43 million, a price-to-earnings ratio of -252.56 and a beta of 0.60.

Lakeland Industries (NASDAQ:LAKE) last released its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). Lakeland Industries had a positive return on equity of 1.66% and a negative net margin of 0.42%. As a group, equities research analysts expect that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, November 15th. Lakeland Industries’s payout ratio is -133.33%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com lowered Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Roth Mkm lifted their price objective on shares of Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LAKE. Huntington National Bank bought a new stake in shares of Lakeland Industries during the 3rd quarter worth $41,000. Empowered Funds LLC raised its holdings in Lakeland Industries by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after buying an additional 536 shares during the period. Barclays PLC purchased a new stake in Lakeland Industries during the third quarter valued at about $306,000. High Falls Advisors Inc boosted its holdings in shares of Lakeland Industries by 35.8% in the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock worth $447,000 after buying an additional 5,137 shares during the period. Finally, Diversified Investment Strategies LLC increased its position in shares of Lakeland Industries by 30.0% in the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock worth $830,000 after acquiring an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Lakeland Industries Company Profile

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.