Nikki Hamblin Purchases 2,220 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) Director Nikki Hamblin acquired 2,220 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $23.08 per share, with a total value of $51,237.60. Following the purchase, the director now owns 15,862 shares in the company, valued at $366,094.96. This represents a 16.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Lakeland Industries Stock Performance

NASDAQ:LAKE opened at $24.72 on Friday. The company’s 50-day moving average is $21.64 and its two-hundred day moving average is $21.95. Lakeland Industries, Inc. has a 1-year low of $15.10 and a 1-year high of $26.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 2.00. The firm has a market capitalization of $183.08 million, a price-to-earnings ratio of -274.67 and a beta of 0.63.

Lakeland Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 annualized dividend and a yield of 0.49%. Lakeland Industries’s payout ratio is -133.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LAKE shares. StockNews.com lowered Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. 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.

Institutional Investors Weigh In On Lakeland Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank purchased a new position in shares of Lakeland Industries during the 3rd quarter worth $41,000. Inspire Advisors LLC purchased a new position in Lakeland Industries during the second quarter worth about $222,000. Empowered Funds LLC increased its position in shares of Lakeland Industries by 4.6% during the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after acquiring an additional 536 shares during the last quarter. Barclays PLC purchased a new stake in shares of Lakeland Industries in the 3rd quarter valued at approximately $306,000. Finally, High Falls Advisors Inc lifted its holdings in shares of Lakeland Industries by 35.8% in the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock worth $447,000 after acquiring an additional 5,137 shares during the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

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.