Lakeland Industries, Inc. (NASDAQ:LAKE) CEO Purchases $24,992.00 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins acquired 1,136 shares of the stock in a transaction on Wednesday, January 22nd. The stock was bought at an average cost of $22.00 per share, for a total transaction of $24,992.00. Following the transaction, the chief executive officer now owns 66,830 shares of the company’s stock, valued at approximately $1,470,260. This trade represents a 1.73 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Lakeland Industries Price Performance

LAKE opened at $22.73 on Friday. The firm has a 50-day moving average price of $23.72 and a 200-day moving average price of $22.33. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $27.28. The company has a quick ratio of 1.77, a current ratio of 4.23 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $168.43 million, a price-to-earnings ratio of -252.56 and a beta of 0.60.

Lakeland Industries (NASDAQ:LAKE) last issued its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.39). Lakeland Industries had a negative net margin of 0.42% and a positive return on equity of 1.66%. Equities analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.53%. Lakeland Industries’s dividend payout ratio (DPR) is -133.33%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LAKE. Roth Mkm lifted their price target 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 lowered Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank purchased a new stake in shares of Lakeland Industries in the third quarter worth about $41,000. Empowered Funds LLC increased 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 acquiring an additional 536 shares during the period. Barclays PLC purchased a new stake in Lakeland Industries in the 3rd quarter worth approximately $306,000. High Falls Advisors Inc boosted its holdings in Lakeland Industries by 35.8% in the 2nd 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 during the period. Finally, Diversified Investment Strategies LLC grew its position in shares of Lakeland Industries by 30.0% during the 4th quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock valued at $830,000 after purchasing an additional 7,500 shares in the last quarter. Hedge funds and other institutional investors 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.