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

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins acquired 1,136 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average price of $22.00 per share, with a total value of $24,992.00. Following the completion of the transaction, the chief executive officer now directly owns 66,830 shares in the company, valued at $1,470,260. This trade represents a 1.73 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lakeland Industries Trading Down 0.3 %

NASDAQ LAKE opened at $22.73 on Monday. Lakeland Industries, Inc. has a 52 week low of $15.10 and a 52 week high of $27.28. The stock 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 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 price is $23.72 and its two-hundred day moving average price is $22.34.

Lakeland Industries (NASDAQ:LAKE) last announced its quarterly earnings data 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 positive return on equity of 1.66% and a negative net margin of 0.42%. As a group, analysts anticipate that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

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

Institutional Investors Weigh In On Lakeland Industries

A number of large investors have recently added to or reduced their stakes in the business. High Falls Advisors Inc grew 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 buying an additional 5,137 shares in the last quarter. Huntington National Bank bought a new position in Lakeland Industries in the third quarter valued at about $41,000. Royce & Associates LP raised its position in Lakeland Industries by 2.5% in the third quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock valued at $14,677,000 after purchasing an additional 17,579 shares during the last quarter. Empowered Funds LLC raised its position 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 acquiring an additional 536 shares during the last quarter. Finally, Barclays PLC acquired a new stake in Lakeland Industries during the third quarter worth approximately $306,000. Institutional investors own 71.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Roth Mkm boosted their target price on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, December 17th. StockNews.com cut Lakeland Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

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.