Insider Buying: Lakeland Industries, Inc. (NASDAQ:LAKE) Insider Acquires 2,272 Shares of Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) insider Laurel A. Yartz purchased 2,272 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were purchased at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the completion of the transaction, the insider now owns 9,772 shares in the company, valued at $214,984. This trade represents a 30.29 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lakeland Industries Price Performance

LAKE opened at $22.73 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. The business has a fifty day simple moving average of $23.72 and a 200-day simple moving average of $22.33. Lakeland Industries, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $27.28.

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%. On average, equities analysts predict that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.

Lakeland Industries Dividend Announcement

The company also recently declared 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 dividend yield of 0.53%. Lakeland Industries’s dividend payout ratio (DPR) is presently -133.33%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Lakeland Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. High Falls Advisors Inc lifted its holdings in shares of Lakeland Industries by 35.8% in the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after purchasing an additional 5,137 shares in the last quarter. Huntington National Bank purchased a new stake in Lakeland Industries in the 3rd quarter worth about $41,000. Royce & Associates LP boosted its position in Lakeland Industries by 2.5% during the 3rd quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock worth $14,677,000 after acquiring an additional 17,579 shares during the period. Empowered Funds LLC grew its stake 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 valued at $244,000 after acquiring an additional 536 shares in the last quarter. Finally, Barclays PLC acquired a new position in shares of Lakeland Industries in the 3rd quarter valued at about $306,000. Institutional investors and hedge funds 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.