Royce & Associates LP Has $21.77 Million Position in Lakeland Industries, Inc. (NASDAQ:LAKE)

Royce & Associates LP increased its holdings in shares of Lakeland Industries, Inc. (NASDAQ:LAKE) by 16.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 851,980 shares of the medical instruments supplier’s stock after acquiring an additional 121,760 shares during the period. Royce & Associates LP owned about 0.09% of Lakeland Industries worth $21,768,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Peapod Lane Capital LLC acquired a new position in Lakeland Industries in the fourth quarter valued at about $2,018,000. First Eagle Investment Management LLC acquired a new position in Lakeland Industries in the fourth quarter valued at about $571,000. Barclays PLC acquired a new position in Lakeland Industries in the third quarter valued at about $306,000. High Falls Advisors Inc boosted its position in 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 in the last quarter. Finally, Metis Global Partners LLC acquired a new position in Lakeland Industries in the fourth quarter valued at about $207,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

Lakeland Industries Price Performance

Shares of LAKE stock opened at $20.10 on Monday. Lakeland Industries, Inc. has a 1 year low of $15.10 and a 1 year high of $27.28. The firm’s 50 day moving average is $23.69 and its 200-day moving average is $22.23. The firm has a market capitalization of $190.93 million, a price-to-earnings ratio of -223.33 and a beta of 0.96. The company has a current ratio of 4.23, a quick ratio of 1.77 and a debt-to-equity ratio of 0.25.

Lakeland Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, February 17th were given a dividend of $0.03 per share. The ex-dividend date was Friday, February 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.60%. Lakeland Industries’s payout ratio is -133.33%.

Analyst Ratings Changes

LAKE has been the topic of a number of recent analyst reports. Roth Mkm boosted 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. Lake Street Capital initiated 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 on the stock.

Insider Transactions at Lakeland Industries

In other Lakeland Industries news, insider Laurel A. Yartz purchased 2,272 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $22.00 per share, with a total value of $49,984.00. Following the completion of the purchase, the insider now directly owns 9,772 shares in the company, valued at approximately $214,984. This represents a 30.29 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nikki Hamblin purchased 1,590 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average cost of $22.00 per share, with a total value of $34,980.00. Following the completion of the purchase, the director now owns 17,452 shares of the company’s stock, valued at $383,944. The trade was a 10.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 11,208 shares of company stock worth $253,520. Corporate insiders own 4.20% of the company’s stock.

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.