Lakeland Industries, Inc. (NASDAQ:LAKE) Short Interest Update

Lakeland Industries, Inc. (NASDAQ:LAKE) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 117,200 shares, a drop of 22.9% from the January 15th total of 152,100 shares. Based on an average daily volume of 70,900 shares, the days-to-cover ratio is currently 1.7 days.

Lakeland Industries Trading Down 1.9 %

LAKE traded down $0.46 during trading on Friday, reaching $24.03. 20,528 shares of the company’s stock were exchanged, compared to its average volume of 117,908. Lakeland Industries has a one year low of $15.10 and a one year high of $27.28. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. The firm has a fifty day moving average price of $24.24 and a two-hundred day moving average price of $22.38.

Lakeland Industries (NASDAQ:LAKE) last posted its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts expect that Lakeland Industries will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, February 17th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, February 14th. Lakeland Industries’s payout ratio is currently -133.33%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, insider Laurel A. Yartz acquired 2,272 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of $22.00 per share, with a total value 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 represents a 30.29 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nikki Hamblin bought 1,590 shares of Lakeland Industries stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of $22.00 per share, for a total transaction of $34,980.00. Following the completion of the transaction, the director now directly owns 17,452 shares of the company’s stock, valued at $383,944. This represents a 10.02 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 11,208 shares of company stock worth $253,520. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings 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 purchasing an additional 536 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Lakeland Industries by 4.5% in the fourth quarter. Northern Trust Corp now owns 14,799 shares of the medical instruments supplier’s stock worth $378,000 after purchasing an additional 635 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of Lakeland Industries by 1.6% in the fourth quarter. D.A. Davidson & CO. now owns 43,892 shares of the medical instruments supplier’s stock worth $1,121,000 after purchasing an additional 698 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Lakeland Industries by 1.6% in the third quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after purchasing an additional 1,177 shares during the last quarter. Finally, IFP Advisors Inc bought a new position in shares of Lakeland Industries in the fourth quarter worth approximately $36,000. 71.69% of the stock is currently owned by 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.