D.A. Davidson & CO. Boosts Holdings in Lakeland Industries, Inc. (NASDAQ:LAKE)

D.A. Davidson & CO. boosted its position in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,892 shares of the medical instruments supplier’s stock after purchasing an additional 698 shares during the quarter. D.A. Davidson & CO.’s holdings in Lakeland Industries were worth $1,121,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Huntington National Bank bought a new stake in shares of Lakeland Industries in the 3rd quarter worth $41,000. Royce & Associates LP boosted its position 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 valued at $14,677,000 after buying an additional 17,579 shares during the last quarter. Empowered Funds LLC increased its holdings in Lakeland Industries by 4.6% in 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 in the last quarter. Barclays PLC purchased a new position in Lakeland Industries in the 3rd quarter worth about $306,000. Finally, High Falls Advisors Inc boosted its holdings in shares of Lakeland Industries by 46.2% during the 3rd quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock valued at $572,000 after acquiring an additional 9,000 shares during the last quarter. 71.69% of the stock is owned by hedge funds and other institutional investors.

Lakeland Industries Stock Performance

Shares of NASDAQ LAKE opened at $24.72 on Monday. The company has a market cap of $234.82 million, a P/E ratio of -274.67 and a beta of 0.62. Lakeland Industries, Inc. has a 52-week low of $15.10 and a 52-week 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 firm’s fifty day moving average is $24.44 and its two-hundred day moving average is $22.45.

Lakeland Industries (NASDAQ:LAKE) last issued 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%. As a group, analysts anticipate that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 17th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.49%. Lakeland Industries’s dividend payout ratio (DPR) is -133.33%.

Insider Activity

In other Lakeland Industries news, CEO James M. Jenkins purchased 990 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $25.35 per share, with a total value of $25,096.50. Following the completion of the purchase, the chief executive officer now directly owns 990 shares in the company, valued at $25,096.50. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO An Hui acquired 2,000 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average cost of $22.00 per share, with a total value of $44,000.00. Following the completion of the purchase, the chief operating officer now directly owns 53,912 shares in the company, valued at approximately $1,186,064. This represents a 3.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 11,208 shares of company stock worth $253,520. 4.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LAKE shares. Roth Mkm increased their price target on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. StockNews.com cut Lakeland Industries from a “hold” rating to a “sell” rating in a 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.