Lakeland Industries, Inc. (NASDAQ:LAKE) CEO Purchases $25,096.50 in Stock

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins acquired 990 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price 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 $25,096.50. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lakeland Industries Trading Up 1.0 %

NASDAQ:LAKE opened at $25.81 on Friday. The stock has a market cap of $191.15 million, a price-to-earnings ratio of -286.78 and a beta of 0.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.00 and a current ratio of 4.23. Lakeland Industries, Inc. has a 1 year low of $15.10 and a 1 year high of $26.10. The business has a fifty day moving average of $21.99 and a 200-day moving average of $22.03.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.12 annualized dividend and a yield of 0.46%. Lakeland Industries’s payout ratio is -133.33%.

Institutional Trading of Lakeland Industries

Institutional investors have recently made changes to their positions in the stock. Barclays PLC acquired a new position in shares of Lakeland Industries during the third quarter valued at approximately $306,000. Geode Capital Management LLC increased 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 purchasing an additional 1,177 shares during the period. High Falls Advisors Inc increased its position in shares of 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 valued at $572,000 after purchasing an additional 9,000 shares during the period. Empowered Funds LLC raised its stake in shares of Lakeland Industries by 4.6% in the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after buying an additional 536 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of 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 buying an additional 17,579 shares during the period. 71.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on LAKE. StockNews.com lowered shares of Lakeland Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Roth Mkm upped their target price on shares of Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Tuesday, December 17th.

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.