Insider Buying: Lakeland Industries, Inc. (NASDAQ:LAKE) CEO Acquires 1,136 Shares of Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins bought 1,136 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were 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 in the company, valued at approximately $1,470,260. The trade was a 1.73 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Lakeland Industries Price Performance

Shares of LAKE stock opened at $22.73 on Friday. The stock 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 52-week low of $15.10 and a 52-week high of $27.28. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77.

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%. On average, research analysts forecast that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were given 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 of this dividend was Friday, November 15th. Lakeland Industries’s dividend payout ratio (DPR) is presently -133.33%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LAKE. 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 lifted their price target on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Tuesday, December 17th.

Institutional Trading of Lakeland Industries

Several institutional investors and hedge funds have recently modified their holdings of LAKE. High Falls Advisors Inc raised 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. Huntington National Bank bought a new stake in shares of Lakeland Industries in the 3rd quarter valued at about $41,000. Royce & Associates LP raised its holdings in shares of Lakeland Industries by 2.5% in the 3rd 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 in the last quarter. Empowered Funds LLC lifted its position in shares of Lakeland Industries by 4.6% in the 3rd 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. Finally, Barclays PLC bought a new position in shares of Lakeland Industries during the third quarter valued at approximately $306,000. Institutional investors 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.