Insider Buying: Lakeland Industries, Inc. (NASDAQ:LAKE) COO Buys 2,000 Shares of Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) COO An Hui purchased 2,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price of $22.00 per share, for a total transaction of $44,000.00. Following the transaction, the chief operating officer now directly owns 53,912 shares of the company’s stock, valued at approximately $1,186,064. This represents a 3.85 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Lakeland Industries Trading Down 0.3 %

NASDAQ LAKE opened at $22.73 on Friday. Lakeland Industries, Inc. has a 1-year low of $15.10 and a 1-year high of $27.28. The stock has a 50-day moving average of $23.72 and a 200-day moving average of $22.33. 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 announced its quarterly earnings data on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share for the quarter, missing the consensus estimate 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%. Research analysts expect that Lakeland Industries, Inc. will post 0.48 earnings per share for the current fiscal year.

Lakeland Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were given a $0.03 dividend. 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 payout ratio is -133.33%.

Hedge Funds Weigh In On Lakeland Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Huntington National Bank bought a new stake in shares of Lakeland Industries in the third quarter worth about $41,000. Empowered Funds LLC grew 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 buying an additional 536 shares during the last quarter. Barclays PLC bought a new stake in shares of Lakeland Industries in the 3rd quarter worth approximately $306,000. High Falls Advisors Inc increased its stake in shares of Lakeland Industries by 35.8% during the second 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 during the period. Finally, Diversified Investment Strategies LLC raised its holdings in shares of 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 valued at $830,000 after acquiring an additional 7,500 shares in the last quarter. 71.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on LAKE. Roth Mkm increased their price objective on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday, December 17th. StockNews.com downgraded shares of 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.