Lakeland Industries, Inc. (NASDAQ:LAKE) COO Acquires $44,000.00 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) COO An Hui purchased 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average price of $22.00 per share, with a total value of $44,000.00. Following the completion of the acquisition, the chief operating officer now owns 53,912 shares of the company’s stock, valued at $1,186,064. This trade represents a 3.85 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lakeland Industries Stock Down 0.3 %

Shares of LAKE traded down $0.07 during mid-day trading on Friday, hitting $22.73. 197,838 shares of the company’s stock were exchanged, compared to its average volume of 109,616. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $27.28. The firm has a fifty day moving average of $23.67 and a two-hundred day moving average of $22.33. The stock 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 posted its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share for the quarter, missing the consensus estimate 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%. On average, sell-side analysts forecast that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.

Lakeland Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were issued 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 0.53%. Lakeland Industries’s dividend payout ratio (DPR) is currently -133.33%.

Analyst Upgrades and Downgrades

LAKE has been the subject of a number of research reports. StockNews.com lowered shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Roth Mkm lifted their price objective on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th.

Hedge Funds Weigh In On Lakeland Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its stake in shares of Lakeland Industries by 2.5% in the third quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock worth $14,677,000 after buying an additional 17,579 shares during the last quarter. Geode Capital Management LLC raised its holdings in Lakeland Industries by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after acquiring an additional 1,177 shares during the period. Diversified Investment Strategies LLC lifted its position in 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 during the last quarter. High Falls Advisors Inc boosted its holdings in Lakeland Industries by 46.2% during the third 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 period. Finally, Barclays PLC acquired a new stake in shares of Lakeland Industries in the third quarter valued at about $306,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.