Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins Buys 1,136 Shares

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

Lakeland Industries Price Performance

Shares of NASDAQ LAKE opened at $22.73 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.23 and a quick ratio of 1.77. The firm has a fifty day moving average price of $23.72 and a 200-day moving average price of $22.33. Lakeland Industries, Inc. has a 1 year low of $15.10 and a 1 year high of $27.28.

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

Lakeland Industries Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, November 15th. Lakeland Industries’s payout ratio is currently -133.33%.

Hedge Funds Weigh In On Lakeland Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank purchased a new position in Lakeland Industries during the 3rd quarter valued at approximately $41,000. Empowered Funds LLC grew its holdings in shares of Lakeland Industries by 4.6% in the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after purchasing an additional 536 shares in the last quarter. Barclays PLC purchased a new position in shares of Lakeland Industries in the third quarter valued at $306,000. High Falls Advisors Inc increased its position in 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 worth $447,000 after purchasing an additional 5,137 shares during the last quarter. Finally, Diversified Investment Strategies LLC raised its stake in 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 purchasing an additional 7,500 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LAKE shares. Roth Mkm boosted their price objective on shares of 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 lowered 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.