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

Lakeland Industries, Inc. (NASDAQ:LAKE) insider Laurel A. Yartz bought 2,272 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average price of $22.00 per share, for a total transaction of $49,984.00. Following the purchase, the insider now owns 9,772 shares in the company, valued at approximately $214,984. This represents a 30.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Lakeland Industries Stock Down 0.3 %

Shares of Lakeland Industries stock opened at $22.73 on Friday. Lakeland Industries, Inc. has a twelve month low of $15.10 and a twelve month high of $27.28. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25. The business’s 50 day simple moving average is $23.72 and its 200-day simple moving average is $22.33.

Lakeland Industries (NASDAQ:LAKE) last issued 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%. As a group, equities research analysts expect that Lakeland Industries, Inc. will post 0.48 EPS for the current year.

Lakeland Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 15th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, November 15th. Lakeland Industries’s dividend payout ratio (DPR) is -133.33%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LAKE. StockNews.com lowered Lakeland Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Roth Mkm boosted their price target on Lakeland Industries from $27.00 to $29.00 and gave the company a “buy” rating in a report on Tuesday, December 17th.

Institutional Investors Weigh In On Lakeland Industries

A number of hedge funds have recently made changes to their positions in the business. Huntington National Bank bought a new position in Lakeland Industries in the 3rd quarter worth approximately $41,000. Empowered Funds LLC grew its stake in shares of Lakeland Industries by 4.6% in the third quarter. Empowered Funds LLC now owns 12,129 shares of the medical instruments supplier’s stock worth $244,000 after purchasing an additional 536 shares in the last quarter. Barclays PLC bought a new position in shares of Lakeland Industries in the third quarter worth $306,000. High Falls Advisors Inc increased its holdings in shares of Lakeland Industries by 35.8% during the second quarter. High Falls Advisors Inc now owns 19,472 shares of the medical instruments supplier’s stock valued at $447,000 after purchasing an additional 5,137 shares during the period. Finally, Diversified Investment Strategies LLC raised its stake in shares of Lakeland Industries by 30.0% during the fourth quarter. Diversified Investment Strategies LLC now owns 32,500 shares of the medical instruments supplier’s stock valued at $830,000 after purchasing an additional 7,500 shares in the last quarter. Institutional investors own 71.69% of the company’s stock.

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.