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

Lakeland Industries, Inc. (NASDAQ:LAKE) COO An Hui bought 2,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $44,000.00. Following the completion of the transaction, the chief operating officer now directly owns 53,912 shares of the company’s stock, valued at approximately $1,186,064. The trade was a 3.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Lakeland Industries Trading Down 0.3 %

Shares of NASDAQ:LAKE opened at $22.73 on Monday. 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 stock’s 50-day moving average is $23.72 and its 200-day moving average is $22.34. The company has a market cap of $168.43 million, a P/E ratio of -252.56 and a beta of 0.60. Lakeland Industries, Inc. has a 52-week low of $15.10 and a 52-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 EPS for the quarter, missing the consensus estimate 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 research analysts predict 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 paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, November 15th. Lakeland Industries’s payout ratio is currently -133.33%.

Institutional Trading of Lakeland Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. High Falls Advisors Inc raised 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 valued at $447,000 after buying an additional 5,137 shares during the last quarter. Huntington National Bank acquired a new position in Lakeland Industries in the 3rd quarter valued at approximately $41,000. Royce & Associates LP lifted its position in shares of Lakeland Industries by 2.5% in 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 holdings in shares of 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 in the last quarter. Finally, Barclays PLC bought a new stake in shares of Lakeland Industries during the third quarter valued at approximately $306,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on LAKE. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Roth Mkm increased their price target on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th.

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.