Diversified Investment Strategies LLC Grows Stock Holdings in Lakeland Industries, Inc. (NASDAQ:LAKE)

Diversified Investment Strategies LLC lifted its position in Lakeland Industries, Inc. (NASDAQ:LAKE) by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,500 shares of the medical instruments supplier’s stock after buying an additional 7,500 shares during the quarter. Lakeland Industries makes up 0.5% of Diversified Investment Strategies LLC’s investment portfolio, making the stock its 26th largest holding. Diversified Investment Strategies LLC owned approximately 0.44% of Lakeland Industries worth $830,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Huntington National Bank acquired a new stake in Lakeland Industries in the 3rd quarter valued at about $41,000. Empowered Funds LLC raised its holdings in 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 acquiring an additional 536 shares in the last quarter. Barclays PLC purchased a new position in Lakeland Industries in the third quarter worth approximately $306,000. High Falls Advisors Inc grew its holdings in Lakeland Industries by 46.2% during the 3rd quarter. High Falls Advisors Inc now owns 28,472 shares of the medical instruments supplier’s stock worth $572,000 after acquiring an additional 9,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Lakeland Industries by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 74,273 shares of the medical instruments supplier’s stock valued at $1,493,000 after purchasing an additional 1,177 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.

Analysts Set New Price Targets

LAKE has been the subject of a number of analyst reports. Roth Mkm boosted their target price 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. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

Insider Transactions at Lakeland Industries

In other news, Director Nikki Hamblin purchased 2,220 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $23.08 per share, for a total transaction of $51,237.60. Following the completion of the purchase, the director now directly owns 15,862 shares in the company, valued at $366,094.96. The trade was a 16.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James M. Jenkins bought 990 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of $25.35 per share, with a total value of $25,096.50. Following the completion of the purchase, the chief executive officer now owns 990 shares in the company, valued at approximately $25,096.50. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 11,208 shares of company stock worth $253,520. Company insiders own 4.20% of the company’s stock.

Lakeland Industries Stock Down 0.4 %

Lakeland Industries stock opened at $24.16 on Wednesday. The stock has a 50-day simple moving average of $23.82 and a 200-day simple moving average of $22.35. The company has a market capitalization of $179.03 million, a P/E ratio of -271.22 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. Lakeland Industries, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $27.28.

Lakeland Industries (NASDAQ:LAKE) last posted 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%. Equities research analysts expect that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 15th were issued a $0.03 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.50%. Lakeland Industries’s payout ratio is -133.33%.

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.