Lakeland Industries, Inc. (NASDAQ:LAKE) Insider Laurel A. Yartz Purchases 2,272 Shares

Lakeland Industries, Inc. (NASDAQ:LAKE) insider Laurel A. Yartz purchased 2,272 shares of the company’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 $49,984.00. Following the purchase, the insider now directly owns 9,772 shares of the company’s stock, valued at $214,984. This trade represents a 30.29 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lakeland Industries Stock Down 0.3 %

Shares of Lakeland Industries stock traded down $0.07 during trading on Friday, hitting $22.73. 197,838 shares of the stock traded hands, compared to its average volume of 109,616. The company has a fifty day moving average price of $23.67 and a two-hundred day moving average price of $22.33. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $27.28. The stock has a market cap of $168.43 million, a P/E ratio of -252.56 and a beta of 0.60. 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 (NASDAQ:LAKE) last posted its earnings results on Thursday, December 5th. The medical instruments supplier reported $0.01 earnings per share 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%. Equities research analysts predict that Lakeland Industries, Inc. will post 0.48 EPS for the current fiscal year.

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 paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, November 15th. Lakeland Industries’s payout ratio is currently -133.33%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its position in shares of Lakeland Industries by 4.6% during the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock valued at $244,000 after purchasing an additional 536 shares during the period. Geode Capital Management LLC increased its holdings in Lakeland Industries by 1.6% in 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 during the period. Huntington National Bank acquired a new position in shares of Lakeland Industries in the 3rd quarter valued at $41,000. High Falls Advisors Inc boosted its position in shares of Lakeland Industries by 35.8% during the 2nd quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after acquiring an additional 5,137 shares in the last quarter. Finally, Diversified Investment Strategies LLC increased its stake in Lakeland Industries by 30.0% in the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock valued at $830,000 after acquiring an additional 7,500 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LAKE. Roth Mkm lifted their target price on Lakeland Industries from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, December 17th. StockNews.com downgraded shares of Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th.

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.