Insider Buying: Lakeland Industries, Inc. (NASDAQ:LAKE) Insider Purchases $49,984.00 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) insider Laurel A. Yartz acquired 2,272 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the completion of the purchase, the insider now owns 9,772 shares of the company’s stock, valued at $214,984. This trade represents a 30.29 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lakeland Industries Stock Down 0.3 %

Shares of NASDAQ:LAKE opened at $22.73 on Monday. Lakeland Industries, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $27.28. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The firm’s 50-day simple moving average is $23.72 and its 200-day simple moving average is $22.34. The company 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 announced 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, equities research analysts predict that Lakeland Industries, Inc. will post 0.48 earnings per share 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 $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, November 15th. Lakeland Industries’s payout ratio is -133.33%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LAKE. Roth Mkm raised their price target on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com lowered Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Institutional Investors Weigh In On Lakeland Industries

Several institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in shares of Lakeland Industries by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after purchasing an additional 536 shares in the last quarter. Geode Capital Management LLC grew its position in Lakeland Industries by 1.6% during the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after buying an additional 1,177 shares during the period. Huntington National Bank purchased a new position in Lakeland Industries in the third quarter valued at about $41,000. High Falls Advisors Inc lifted its position in shares of Lakeland Industries by 35.8% during the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after acquiring an additional 5,137 shares during the period. Finally, Diversified Investment Strategies LLC boosted its stake in shares of Lakeland Industries by 30.0% during the 4th 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. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

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.