Total Clarity Wealth Management Inc. Acquires Shares of 26,040 Lakeland Industries, Inc. (NASDAQ:LAKE)

Total Clarity Wealth Management Inc. bought a new stake in Lakeland Industries, Inc. (NASDAQ:LAKE) during the 2nd quarter, HoldingsChannel reports. The fund bought 26,040 shares of the medical instruments supplier’s stock, valued at approximately $597,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hillsdale Investment Management Inc. boosted its holdings in shares of Lakeland Industries by 37.2% in the first quarter. Hillsdale Investment Management Inc. now owns 10,700 shares of the medical instruments supplier’s stock valued at $196,000 after acquiring an additional 2,900 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Lakeland Industries by 6.9% in the first quarter. Empowered Funds LLC now owns 10,873 shares of the medical instruments supplier’s stock valued at $199,000 after acquiring an additional 700 shares in the last quarter. Inspire Advisors LLC purchased a new stake in shares of Lakeland Industries in the second quarter valued at about $222,000. Quadrature Capital Ltd purchased a new stake in shares of Lakeland Industries in the fourth quarter valued at about $236,000. Finally, North Star Investment Management Corp. boosted its holdings in shares of Lakeland Industries by 0.9% in the first quarter. North Star Investment Management Corp. now owns 168,573 shares of the medical instruments supplier’s stock valued at $3,085,000 after acquiring an additional 1,503 shares in the last quarter. Hedge funds and other institutional investors own 71.69% of the company’s stock.

Lakeland Industries Stock Performance

Shares of LAKE opened at $20.53 on Monday. The company has a current ratio of 4.24, a quick ratio of 2.74 and a debt-to-equity ratio of 0.24. The stock has a market cap of $151.47 million, a P/E ratio of 27.37 and a beta of 0.57. The company has a 50-day moving average of $22.97 and a two-hundred day moving average of $20.02. Lakeland Industries, Inc. has a 12-month low of $13.86 and a 12-month high of $26.10.

Lakeland Industries (NASDAQ:LAKE) last announced its earnings results on Wednesday, September 4th. The medical instruments supplier reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.61). The business had revenue of $38.51 million for the quarter, compared to analyst estimates of $41.10 million. Lakeland Industries had a return on equity of 3.70% and a net margin of 1.38%. During the same quarter in the previous year, the firm posted $0.32 EPS. As a group, research analysts predict that Lakeland Industries, Inc. will post 0.96 EPS for the current fiscal year.

Lakeland Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, August 15th. Lakeland Industries’s dividend payout ratio is presently 16.00%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LAKE shares. StockNews.com downgraded shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Monday, September 9th. Maxim Group boosted their price objective on shares of Lakeland Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, June 6th. Finally, Roth Mkm boosted their price objective on shares of Lakeland Industries from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd.

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.