D.A. Davidson & CO. Purchases 698 Shares of Lakeland Industries, Inc. (NASDAQ:LAKE)

D.A. Davidson & CO. lifted its position in Lakeland Industries, Inc. (NASDAQ:LAKE) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,892 shares of the medical instruments supplier’s stock after purchasing an additional 698 shares during the quarter. D.A. Davidson & CO. owned about 0.46% of Lakeland Industries worth $1,121,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP raised its stake in Lakeland Industries by 2.5% in the third quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock valued at $14,677,000 after purchasing an additional 17,579 shares in the last quarter. Peapod Lane Capital LLC bought a new position in shares of Lakeland Industries in the 4th quarter worth $2,018,000. Geode Capital Management LLC raised its position in shares of Lakeland Industries by 1.6% during 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 buying an additional 1,177 shares in the last quarter. Diversified Investment Strategies LLC lifted its holdings in shares of Lakeland Industries by 30.0% during the 4th quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock worth $830,000 after acquiring an additional 7,500 shares during the last quarter. Finally, High Falls Advisors Inc grew its position in Lakeland Industries by 46.2% in the third 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. Institutional investors own 71.69% of the company’s stock.

Insider Transactions at Lakeland Industries

In other Lakeland Industries news, Director Nikki Hamblin bought 1,590 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average cost 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 $383,944. This trade represents a 10.02 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO An Hui purchased 2,000 shares of Lakeland Industries stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average price of $22.00 per share, for a total transaction of $44,000.00. Following the acquisition, the chief operating officer now owns 53,912 shares in the company, valued at $1,186,064. This trade represents a 3.85 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 11,208 shares of company stock worth $253,520. Insiders own 4.20% of the company’s stock.

Analyst Upgrades and Downgrades

LAKE has been the topic of a number of research reports. StockNews.com downgraded Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Roth Mkm raised their price objective on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th.

Lakeland Industries Price Performance

LAKE stock opened at $24.72 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.77 and a current ratio of 4.23. The firm has a market cap of $234.82 million, a P/E ratio of -274.67 and a beta of 0.62. The firm’s fifty day moving average is $24.44 and its 200 day moving average is $22.45. Lakeland Industries, Inc. has a 52 week low of $15.10 and a 52 week high of $27.28.

Lakeland Industries (NASDAQ:LAKE) last released 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 positive return on equity of 1.66% and a negative net margin of 0.42%. Research analysts predict that Lakeland Industries, Inc. will post 0.48 earnings per share for the current year.

Lakeland Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 17th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 14th. Lakeland Industries’s dividend payout ratio (DPR) is presently -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.