Lakeland Industries, Inc. (NASDAQ:LAKE) Director Acquires $34,980.00 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) Director Nikki Hamblin acquired 1,590 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average price of $22.00 per share, with a total value of $34,980.00. Following the purchase, the director now directly owns 17,452 shares in the company, valued at approximately $383,944. This represents a 10.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Nikki Hamblin also recently made the following trade(s):

• On Monday, December 23rd, Nikki Hamblin acquired 2,220 shares of Lakeland Industries stock. The shares were purchased at an average price of $23.08 per share, for a total transaction of $51,237.60.

Lakeland Industries Stock Down 0.3 %

Shares of NASDAQ LAKE opened at $22.73 on Monday. 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 company’s 50 day moving average price is $23.72 and its 200-day moving average price is $22.34. The company has a market capitalization of $168.43 million, a P/E ratio of -252.56 and a beta of 0.60.

Lakeland Industries (NASDAQ:LAKE) last issued its quarterly earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities 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 disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, November 15th. Lakeland Industries’s dividend payout ratio (DPR) is -133.33%.

Analysts Set New Price Targets

A number of research firms have weighed in on LAKE. Roth Mkm boosted their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LAKE. Royce & Associates LP increased its position in Lakeland Industries by 2.5% in the 3rd 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 in the last quarter. Barclays PLC bought a new stake in shares of Lakeland Industries during the third quarter valued at approximately $306,000. High Falls Advisors Inc raised its position in shares of 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 worth $572,000 after purchasing an additional 9,000 shares during the period. Diversified Investment Strategies LLC lifted its holdings in shares of Lakeland Industries by 30.0% in the 4th quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock worth $830,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Huntington National Bank acquired a new stake in Lakeland Industries in the 3rd quarter valued at $41,000. 71.69% of the stock is owned by institutional investors.

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.