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

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

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 bought at an average price of $23.08 per share, with a total value of $51,237.60.

Lakeland Industries Stock Performance

NASDAQ LAKE traded down $0.07 on Friday, reaching $22.73. The stock had a trading volume of 197,838 shares, compared to its average volume of 109,616. The stock 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 12-month low of $15.10 and a 12-month high of $27.28. The business’s 50-day moving average price is $23.67 and its 200 day moving average price is $22.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23.

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%. As a group, equities analysts expect that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.

Lakeland Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were given 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 payout ratio is -133.33%.

Analyst Ratings Changes

LAKE has been the subject of several analyst reports. StockNews.com cut shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Roth Mkm increased their price objective on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LAKE. Empowered Funds LLC lifted its holdings in shares of Lakeland Industries by 4.6% during the third 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 during the period. Geode Capital Management LLC lifted its stake in shares of Lakeland Industries by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock worth $1,493,000 after acquiring an additional 1,177 shares during the period. Huntington National Bank acquired a new stake in shares of Lakeland Industries in the 3rd quarter worth $41,000. High Falls Advisors Inc boosted 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 acquiring an additional 5,137 shares in the last quarter. Finally, Diversified Investment Strategies LLC raised its holdings in 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 worth $830,000 after purchasing an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.