Lakeland Industries, Inc. (NASDAQ:LAKE) Director Nikki Hamblin Acquires 1,590 Shares

Lakeland Industries, Inc. (NASDAQ:LAKE) Director Nikki Hamblin purchased 1,590 shares of Lakeland Industries stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average price of $22.00 per share, for a total transaction of $34,980.00. Following the transaction, the director now directly owns 17,452 shares of the company’s stock, valued at $383,944. The trade was a 10.02 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, December 23rd, Nikki Hamblin acquired 2,220 shares of Lakeland Industries stock. The stock was acquired at an average cost of $23.08 per share, with a total value of $51,237.60.

Lakeland Industries Trading Down 0.3 %

Shares of LAKE opened at $22.73 on Friday. The company’s fifty day simple moving average is $23.72 and its 200-day simple moving average is $22.33. The company has a market cap of $168.43 million, a P/E ratio of -252.56 and a beta of 0.60. The company has a current ratio of 4.23, a quick ratio of 1.77 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.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings data 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%. As a group, analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were paid a $0.03 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.53%. Lakeland Industries’s payout ratio is -133.33%.

Institutional Trading of Lakeland Industries

Several institutional investors and hedge funds have recently made changes to their positions in the business. Huntington National Bank bought a new position in shares of Lakeland Industries in the third quarter worth about $41,000. Empowered Funds LLC boosted its position in Lakeland Industries by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after buying an additional 536 shares during the period. Barclays PLC bought a new position in Lakeland Industries in the 3rd quarter worth about $306,000. 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 acquiring an additional 5,137 shares during the period. Finally, Diversified Investment Strategies LLC raised its stake in shares of Lakeland Industries by 30.0% during the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock valued at $830,000 after acquiring an additional 7,500 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LAKE has been the topic of several recent research reports. StockNews.com cut shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Roth Mkm upped 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.

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.