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

Lakeland Industries, Inc. (NASDAQ:LAKE) CEO James M. Jenkins purchased 990 shares of Lakeland Industries stock in a transaction dated Monday, December 30th. The stock was bought at an average price of $25.35 per share, with a total value of $25,096.50. Following the acquisition, the chief executive officer now directly owns 990 shares of the company’s stock, valued at approximately $25,096.50. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Lakeland Industries Stock Down 1.3 %

Lakeland Industries stock traded down $0.33 during mid-day trading on Tuesday, reaching $25.17. The company’s stock had a trading volume of 27,282 shares, compared to its average volume of 39,071. The business’s 50 day simple moving average is $21.72 and its 200 day simple moving average is $21.96. 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 12 month low of $15.10 and a 12 month high of $26.10. The company has a market capitalization of $186.41 million, a price-to-earnings ratio of -279.67 and a beta of 0.63.

Lakeland Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 15th were issued a dividend of $0.03 per share. The ex-dividend date was Friday, November 15th. This represents a $0.12 annualized dividend and a yield of 0.48%. Lakeland Industries’s payout ratio is presently -133.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in Lakeland Industries in the 3rd quarter valued at about $306,000. Geode Capital Management LLC lifted its position in shares of Lakeland Industries by 1.6% in the third 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 during the last quarter. High Falls Advisors Inc lifted its position in shares of 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 valued at $572,000 after buying an additional 9,000 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Lakeland Industries by 4.6% during the 3rd quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after acquiring an additional 536 shares during the period. Finally, Royce & Associates LP increased its holdings in shares of Lakeland Industries by 2.5% during the 3rd quarter. Royce & Associates LP now owns 730,220 shares of the medical instruments supplier’s stock worth $14,677,000 after acquiring an additional 17,579 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LAKE. 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 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.

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.