Laurel A. Yartz Acquires 2,272 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE) Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) insider Laurel A. Yartz acquired 2,272 shares of Lakeland Industries stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average price of $22.00 per share, with a total value of $49,984.00. Following the completion of the purchase, the insider now directly owns 9,772 shares in the company, valued at $214,984. This represents a 30.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Lakeland Industries Price Performance

Shares of Lakeland Industries stock opened at $22.73 on Friday. The company has a market capitalization of $168.43 million, a price-to-earnings ratio of -252.56 and a beta of 0.60. 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 stock’s 50-day simple moving average is $23.72 and its 200-day simple moving average is $22.33. Lakeland Industries, Inc. has a 52 week low of $15.10 and a 52 week high of $27.28.

Lakeland Industries (NASDAQ:LAKE) last posted its quarterly earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 EPS 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 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were issued a $0.03 dividend. 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 is currently -133.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank bought a new stake in shares of Lakeland Industries in the third quarter worth about $41,000. Empowered Funds LLC raised 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 acquiring an additional 536 shares in the last quarter. Barclays PLC bought a new position in shares of Lakeland Industries during the 3rd quarter valued at approximately $306,000. High Falls Advisors Inc grew 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. Finally, Diversified Investment Strategies LLC increased its position in Lakeland Industries by 30.0% in 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 during the last quarter. Institutional investors own 71.69% of the company’s stock.

Wall Street Analyst Weigh In

LAKE has been the topic of several recent research reports. Roth Mkm raised their price objective on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. StockNews.com downgraded shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

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.