Lakeland Industries (NASDAQ:LAKE) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Lakeland Industries (NASDAQ:LAKE – Get Rating) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the medical instruments supplier’s stock.

Lakeland Industries Trading Down 4.4 %

LAKE traded down $0.64 during trading on Thursday, reaching $14.07. 38,443 shares of the company’s stock were exchanged, compared to its average volume of 12,335. Lakeland Industries has a one year low of $11.13 and a one year high of $19.70. The stock has a market capitalization of $102.99 million, a PE ratio of 35.18 and a beta of 0.48. The firm has a fifty day moving average price of $14.78 and a two-hundred day moving average price of $13.36.

Lakeland Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 15th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, February 14th. Lakeland Industries’s payout ratio is 30.00%.

Institutional Investors Weigh In On Lakeland Industries

A number of institutional investors have recently added to or reduced their stakes in LAKE. Advisor Group Holdings Inc. grew its holdings in Lakeland Industries by 37.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 9,874 shares of the medical instruments supplier’s stock worth $190,000 after acquiring an additional 2,690 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Lakeland Industries by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 38,910 shares of the medical instruments supplier’s stock valued at $747,000 after purchasing an additional 969 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of Lakeland Industries in the 1st quarter valued at $233,000. Bank of Montreal Can bought a new stake in shares of Lakeland Industries in the 1st quarter valued at $253,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Lakeland Industries by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 542,606 shares of the medical instruments supplier’s stock valued at $10,413,000 after purchasing an additional 1,907 shares during the last quarter. 69.98% of the stock is owned by institutional investors.

Lakeland Industries Company Profile

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Lakeland Industries, Inc engages in the manufacture and sale of safety garments and accessories for the industrial and public protective clothing market. It operates through the Domestic and International geographical segments. The firm’s products include disposable protective clothing, chemical protective clothing, woven protective clothing, fire protective gear, heat protective clothing, reflective protective clothing, hand and arm protection, arc or fire-retardant rated rainwear, and fire-retardant protective clothing.