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

Lakeland Industries, Inc. (NASDAQ:LAKE) Director Nikki Hamblin bought 2,220 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of $23.08 per share, for a total transaction of $51,237.60. Following the purchase, the director now owns 15,862 shares of the company’s stock, valued at approximately $366,094.96. The trade was a 16.27 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Lakeland Industries Price Performance

Shares of NASDAQ:LAKE opened at $24.72 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.00 and a current ratio of 4.23. Lakeland Industries, Inc. has a 52 week low of $15.10 and a 52 week high of $26.10. The firm has a market cap of $183.08 million, a PE ratio of -274.67 and a beta of 0.63. The firm’s fifty day moving average is $21.64 and its 200-day moving average is $21.95.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, November 15th. Lakeland Industries’s payout ratio is presently -133.33%.

Analysts Set New Price Targets

LAKE has been the topic of a number of research reports. Roth Mkm boosted their price objective on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research 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.

Institutional Investors Weigh In On Lakeland Industries

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Total Clarity Wealth Management Inc. acquired a new position in shares of Lakeland Industries in the second quarter worth approximately $597,000. Empowered Funds LLC raised its holdings in Lakeland Industries by 4.6% during the 3rd 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. Inspire Advisors LLC acquired a new position in shares of Lakeland Industries in the 2nd quarter worth approximately $222,000. Renaissance Technologies LLC boosted its stake in shares of Lakeland Industries by 2.7% in the 2nd quarter. Renaissance Technologies LLC now owns 499,202 shares of the medical instruments supplier’s stock valued at $11,452,000 after purchasing an additional 13,200 shares during the last quarter. Finally, High Falls Advisors Inc increased its position in shares of Lakeland Industries by 35.8% during the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock worth $447,000 after buying an additional 5,137 shares during the period. 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.