Lakeland Industries, Inc. (NASDAQ:LAKE) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lessened its stake in Lakeland Industries, Inc. (NASDAQ:LAKE) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 286,970 shares of the medical instruments supplier’s stock after selling 3,385 shares during the quarter. Lakeland Industries makes up approximately 1.7% of Pacific Ridge Capital Partners LLC’s holdings, making the stock its 13th biggest holding. Pacific Ridge Capital Partners LLC’s holdings in Lakeland Industries were worth $7,332,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LAKE. IFP Advisors Inc acquired a new stake in Lakeland Industries during the fourth quarter valued at approximately $36,000. Metis Global Partners LLC bought a new position in Lakeland Industries during the fourth quarter worth $207,000. Empowered Funds LLC lifted its stake in Lakeland Industries by 4.6% during 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. Barclays PLC acquired a new position in Lakeland Industries in the third quarter worth $306,000. Finally, American Century Companies Inc. increased its stake in Lakeland Industries by 16.3% during the fourth quarter. American Century Companies Inc. now owns 14,012 shares of the medical instruments supplier’s stock valued at $358,000 after purchasing an additional 1,965 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Insiders Place Their Bets

In other Lakeland Industries news, CEO James M. Jenkins acquired 990 shares of Lakeland Industries stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of $25.35 per share, for a total transaction of $25,096.50. Following the completion of the transaction, the chief executive officer now owns 990 shares in the company, valued at approximately $25,096.50. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Laurel A. Yartz acquired 2,272 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $22.00 per share, with a total value of $49,984.00. Following the completion of the acquisition, the insider now directly owns 9,772 shares in the company, valued at approximately $214,984. This represents a 30.29 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 8,988 shares of company stock worth $202,283. Insiders own 4.20% of the company’s stock.

Lakeland Industries Stock Performance

Shares of LAKE opened at $20.30 on Thursday. The firm has a fifty day moving average of $22.74 and a 200-day moving average of $22.04. The company has a market cap of $192.83 million, a price-to-earnings ratio of -225.56 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. Lakeland Industries, Inc. has a 1 year low of $15.10 and a 1 year high of $27.28.

Lakeland Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 17th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, February 14th. Lakeland Industries’s payout ratio is -133.33%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LAKE shares. Lake Street Capital initiated coverage on shares of Lakeland Industries in a research report on Tuesday, March 11th. They issued a “buy” rating and a $30.00 price target on the stock. DA Davidson started coverage on shares of Lakeland Industries in a report on Wednesday. They issued a “buy” rating and a $28.00 target price on the stock. Finally, Roth Mkm upped their target price on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $28.25.

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.