Insider Buying: Lakeland Industries, Inc. (NASDAQ:LAKE) Director Purchases 1,590 Shares of Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) Director Nikki Hamblin bought 1,590 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $22.00 per share, for a total transaction of $34,980.00. Following the acquisition, the director now directly owns 17,452 shares of the company’s stock, valued at $383,944. The trade was a 10.02 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nikki Hamblin also recently made the following trade(s):

• On Monday, December 23rd, Nikki Hamblin acquired 2,220 shares of Lakeland Industries stock. The shares were acquired at an average cost of $23.08 per share, with a total value of $51,237.60.

Lakeland Industries Price Performance

Lakeland Industries stock opened at $22.73 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. Lakeland Industries, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $27.28. The stock has a 50-day simple moving average of $23.72 and a 200-day simple moving average of $22.33.

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

Lakeland Industries Announces Dividend

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

Institutional Investors Weigh In On Lakeland Industries

A number of institutional investors and hedge funds have recently made changes to their positions in LAKE. Royce & Associates LP grew its holdings in shares of Lakeland Industries by 2.5% during the third quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock worth $14,677,000 after buying an additional 17,579 shares during the last quarter. Barclays PLC acquired a new stake in Lakeland Industries during the 3rd quarter worth approximately $306,000. High Falls Advisors Inc grew its stake in shares of Lakeland Industries by 46.2% in the 3rd quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock valued at $572,000 after purchasing an additional 9,000 shares during the last quarter. Diversified Investment Strategies LLC increased its holdings 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 valued at $830,000 after purchasing an additional 7,500 shares during the period. Finally, Huntington National Bank purchased a new stake in shares of Lakeland Industries during the third quarter worth approximately $41,000. 71.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.