Insider Buying: Lakeland Industries, Inc. (NASDAQ:LAKE) Director Buys 1,590 Shares of Stock

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

Nikki Hamblin also recently made the following trade(s):

• On Monday, December 23rd, Nikki Hamblin bought 2,220 shares of Lakeland Industries stock. The shares were purchased at an average cost of $23.08 per share, with a total value of $51,237.60.

Lakeland Industries Price Performance

Shares of LAKE traded down $0.07 during mid-day trading on Friday, hitting $22.73. 197,838 shares of the company were exchanged, compared to its average volume of 109,616. The stock has a market cap of $168.43 million, a price-to-earnings ratio of -252.56 and a beta of 0.60. Lakeland Industries, Inc. has a 1-year low of $15.10 and a 1-year high of $27.28. The company has a 50 day moving average of $23.67 and a 200-day moving average of $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 EPS for the quarter, missing the consensus estimate 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%. Analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

Lakeland Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were given a dividend of $0.03 per share. The ex-dividend date 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 presently -133.33%.

Analysts Set New Price Targets

A number of brokerages have issued reports on LAKE. Roth Mkm boosted their price target on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

Institutional Trading of Lakeland Industries

A number of hedge funds have recently bought and sold shares of the business. High Falls Advisors Inc lifted its position in 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 worth $447,000 after buying an additional 5,137 shares in the last quarter. Huntington National Bank acquired a new position in Lakeland Industries in the third quarter valued at about $41,000. Royce & Associates LP boosted its stake in Lakeland Industries by 2.5% during the third quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock worth $14,677,000 after buying an additional 17,579 shares during the period. Empowered Funds LLC increased 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 valued at $244,000 after acquiring an additional 536 shares during the last quarter. Finally, Barclays PLC purchased a new stake in shares of Lakeland Industries in the 3rd quarter valued at approximately $306,000. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.