Lakeland Industries, Inc. (NASDAQ:LAKE) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC reduced its stake in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,970 shares of the medical instruments supplier’s stock after selling 3,385 shares during the period. Lakeland Industries accounts for about 1.7% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 13th largest position. Pacific Ridge Capital Partners LLC owned 3.02% of Lakeland Industries worth $7,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the stock. IFP Advisors Inc purchased a new position in Lakeland Industries during the fourth quarter worth approximately $36,000. Metis Global Partners LLC acquired a new stake in shares of Lakeland Industries during the 4th quarter worth $207,000. Empowered Funds LLC raised its position 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 during the period. American Century Companies Inc. boosted its holdings in Lakeland Industries by 16.3% in the fourth quarter. American Century Companies Inc. now owns 14,012 shares of the medical instruments supplier’s stock valued at $358,000 after acquiring an additional 1,965 shares during the last quarter. Finally, Barclays PLC acquired a new position in Lakeland Industries in the third quarter valued at $306,000. 71.69% of the stock is owned by institutional investors and hedge funds.

Lakeland Industries Price Performance

LAKE stock opened at $20.30 on Thursday. The firm has a market cap of $192.83 million, a P/E ratio of -225.56 and a beta of 0.96. 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 1 year low of $15.10 and a 1 year high of $27.28. The stock has a 50-day simple moving average of $22.74 and a 200-day simple moving average of $22.04.

Lakeland Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 17th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Friday, February 14th. Lakeland Industries’s dividend payout ratio (DPR) is -133.33%.

Insider Activity

In other news, insider Laurel A. Yartz purchased 2,272 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were purchased at an average price of $22.00 per share, with a total value of $49,984.00. Following the purchase, the insider now directly owns 9,772 shares of the company’s stock, valued at approximately $214,984. This represents a 30.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Nikki Hamblin acquired 1,590 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was purchased at an average price of $22.00 per share, for a total transaction of $34,980.00. Following the acquisition, the director now directly owns 17,452 shares in the company, valued at $383,944. This represents a 10.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 8,988 shares of company stock worth $202,283 over the last 90 days. Company insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on LAKE shares. DA Davidson initiated coverage on Lakeland Industries in a report on Wednesday. They issued a “buy” rating and a $28.00 price objective on the stock. Lake Street Capital assumed coverage on shares of Lakeland Industries in a research report on Tuesday, March 11th. They set a “buy” rating and a $30.00 target price for the company. Finally, Roth Mkm lifted their price target 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. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Lakeland Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.25.

Lakeland Industries Company Profile

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.